Foreign Policy Digital

The Myth of U.S. Energy Independence Has Gone Up in Smoke

Attacks on Saudi Arabia prove that, when it comes to oil, Washington still isn’t close to being master of its own fate.

The United States is on the cusp of becoming a net oil exporter—a stunning turnaround from the country’s obsession with foreign-oil dependence, dating back to the Arab oil embargo of 1973. In response to the massive attack on Saudi Arabia’s oil infrastructure this weekend, U.S. President Donald Trump has trumpeted that America’s new oil abundance cushions the disruption and boosts strategic stocks, arguing that building more oil pipelines will help protect Americans from oil price shocks.

In reality, the attack on Abqaiq, the world’s most critical oil

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