Unpacking Oil and Gas Realities

This chapter examines misconceptions around oil and gas exploration, specifically during the OPEC crisis, highlighting underutilized reserves and the role Canada plays in global supply. It explores the historical evolution of U.S. oil production, focusing on shale boom innovations and the complexities surrounding future demand and geopolitical dynamics. Additionally, the chapter addresses the interplay between environmental politics, energy policy, and the economic implications of energy shortages, particularly in light of evolving regulations.