I agree that these wells will not dramatically drop the price of oil/gas. I think they will stabilize the price.
The benefit to the US economy will be dramatic, and positive.
I also think that the “green” energy approaches are dead in the water, due to this relatively low-priced domestic source of energy.
Green energy cannot compete at these prices.
The socialists are upset their pet (crony) projects in their central planning economy are failing. (Their solution is to heavily tax oil based energy and give tax credits to “green” projects. It still won’t work, because of the relatively low-cost of Bakken and other tight formation oil and gas.)
We agree
The benefit to the US economy will be dramatic, and positive.
We agree
I also think that the “green” energy approaches are dead in the water, due to this relatively low-priced domestic source of energy.
We don't agree. While I think money from the Tax Payers is wasted on the initiative with next to nothing to show for it, I don't believe the liberals have given up. Nor do I believe sufficient number of people going to the ballots place that as a priority.
Green energy cannot compete at these prices.
Not compete fairly, but the subsidies haven't ended.
The socialists are upset their pet (crony) projects in their central planning economy are failing.
I agree, but I have not seen the conservative take over the legislature and executive branches of government lately. In some areas, but not enough and not at the Federal Level.