(Oil & Gas 360) By Michael Smolinski – The U.S. Now The World’s Largest Petroleum And Natural Gas Exporter, Has Higher Prices, Funding Growth, Prosperity Production And Value UP. Back in 2008 the price of crude rising to $145 per barrel gave us Crash 2008. Up to $100+ now is funding growth. This century having oil and natural gas supply growth fall behind demand growth had the price of West Texas Intermediate (WTI) crude oil rise up and peak in July of 2008 at $145 per barrel (Figure 1, bold line). The Henry Hub spot price of natural gas increased to $13.275 per mmBtu then (blue line). The rises were helped by thoughts that peak production was reached. However, the Fracking Revolution working for natural gas and then oil, powered the S&P 500 from 1,262 then to 7,656.98 today.U.S. growth is now being fueled by the Fracking Revolution made to work here for natural gas and oil. The S&P 500 rising from 300 in 1990 to 1,500 in 2000 was fueled by the U.S. becoming the world’s largest importer of natural gas (Figure 2) and oil. Islam Radicals, willing to be killed to kill 25 years ago today, destroying the two World Trade Center towers, then helped the S&P 500 drop to 1,100. Many Americans working hard now have the country the world’s largest natural gas and oil exporter. Ending the decades of war, led by those ruling Iran, finally happening has us see sustained, positive growth being fueled.The crude oil price back above $100 on more Middle East terrorizing, and today the 25th anniversary of the attack on the World Trade Center Towers highlights the importance of finally ending the decades of the terrorizers terrorizing war. Operation Epic Fury jumped the near month’s closing crude oil futures contract high up to $112.95 April 7th (Figure 3). Weapons still existing had it $102.48 yesterday. However, $10.47 below the high (-9.3%) highlights crude oil progress.Using the crude oil SPR is the reason crude oil prices are not setting new highs. We believe the 9/11/2001 attack on America resulted in preparation that increased the quantity of crude oil in the Strategic Petroleum Reserve (SPR) from 541 million barrels (mmb) as 2001 began to 727 as 2011 began (Figure 4). Price relief was provided from the crude oil price jump to $123.70, with Russia invading Ukraine (Figure 3), by supplying 247 mmb from the SPR. 68 mmb added bringing it back up to 415 this year has allowed 130 mmb to be supplied since February. And the price yesterday be 9.3% below the recent high. However, we do not have SPR’s for petroleum products.By oilandgas360.com contributor Michael Smolinksi with Energy DirectionsThe views expressed in this article are solely those of the author and do not necessarily reflect the opinions of Oil & Gas 360. Please consult with a professional before making any decisions based on the information provided here. The information presented in this article is not intended as financial advice. Contact Energy Directions for the full report. Please conduct your own research before making any investment decisions.