Question

In an era of increasing global trade and integration of national and regional economies, why would the United States want to produce its own oil and not buy from other producers? Answer the question in a brief paragraph.

Answer 1

Explanation: they didn't want to pay a tariff on a product they had plenty of on their own land. It would cost them less money to drill for oil domestically instead of paying another country for the product.

Answer 2

In addition to issues related to terrorism, the OPEC nations are not operating in a way that suggests cooperation. They stage embargoes, which are disruptive to the economies of embargoed nations. They manipulate prices, sometimes raising them sharply. These actions don’t encourage trade.

Explanation:pluto/edmuntum