Page added on March 6, 2014 Russia’s invasion of the Crimea is a tipping point event that will further spur the North American oil boom. The European Union (EU) and United Statesin 2008 threatened toslap economic sanctions on Russia for invading Georgia. But after a while the criticism faded and sanctions threats were quietly dropped, because the EU is almost entirely reliant on Russia for energy supplies. A similar situation is unfolding today as the EU and U.S. are again making false threats they will to stop exports of Russian oil and gas as punishment for invading the Ukraine. But due to the latest humiliation by the Russians, a consensus is emerging that will demand the United States and its North American partners “drill baby, drill” for national security. Twenty years ago on January 1st the United States, Mexico, and Canada implemented the North American Free Trade Agreement. The […]