Macro level, I know--and not sensitive to the human tragedies--but one can't have everything.
The jobs are still there...just waiting. They will return and so will companies to drill and frack.
All Saudi's did was sell their oil too cheaply.
We still have ours.
Why do we still have the DOE? Didn’t carter start it to get us off foreign oil?
FAIL
RR, I don’t think you understand. To be honest I don’t either and probably most people don’t either.
During the last 7 years, the 1st 6 years Texas, North Dakota, and Penna. carried the country with many many good high paying jobs. When the rest of the country was in depression, the oil states carries us over by drilling and drilling for Natural Independence from foreign oil.
Sadly, the Saudis who were used to exporting mbd to America, but now all the sudden we can not only supply ourselves but we can export (if they legalize it) LNG gas to Europe.
The Saudis have refused to cut the production that they used to sell to us but now we can produce ourselves.
So what do the Saudis do? Keep producing to shut our operations down, destroy our economy and THEY ARE SUPPOSE TO BE OUR FRIEND?