Fracking technology (and a more-or-less free market) means any decrease in OPEC production means a cost cycle that will drive more US production. There's more here at the PowerLine blog.
Wednesday, March 22, 2017
Why OPEC is finished
What will happen to the Middle East now that they no longer have the whip hand with oil?
Fracking technology (and a more-or-less free market) means any decrease in OPEC production means a cost cycle that will drive more US production. There's more here at the PowerLine blog.
Fracking technology (and a more-or-less free market) means any decrease in OPEC production means a cost cycle that will drive more US production. There's more here at the PowerLine blog.
Wednesday, March 1, 2017
Record Exports!
This is what happens when you let the free market do its work. Follow this link to see that the United States is now setting records for the export of oil. Not the import; the export.
If you're old enough to remember the 70s (and, unfortunately, I am) you may remember when exporting oil was made illegal. In 2015 exporting was legalized when no one outside the industry as paying attention. Now we produce so much we can export it.
I've said it before and I'll say it again. If you want to prevent wars in the Mideast, then make the value of oil lower and lower and lower. Drill baby drill.
If you're old enough to remember the 70s (and, unfortunately, I am) you may remember when exporting oil was made illegal. In 2015 exporting was legalized when no one outside the industry as paying attention. Now we produce so much we can export it.
I've said it before and I'll say it again. If you want to prevent wars in the Mideast, then make the value of oil lower and lower and lower. Drill baby drill.
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