There’s been a lot of discussion about the fact that the United States imports Russian oil — and a pretty good amount of it. Now, you could be excused for asking yourself: “Wait a second, I thought the US had a bunch of oil in the Permian Basin in Texas and the Bakken Shale in North Dakota. Why the heck are we importing oil?” Turns out the answer is part chemistry and part economics.
Media Outlet: NPR’s Marketplace
Featured Faculty: Hugh Daigle
