“Or crude could be $35 a barrel with open markets with American oil. I heard that Dakota oil cost about $18 a barrel to produce. Obama’s attempted monopoly needs to be broken. “
I don’t know where you got those figures. I am in the oil business and the info I get is that the cost is about $70 per barrel. Horizontal drilling is a very expensive process. Also the decline rates on the horizontal wells are very steep so the economics at today’s prices are questionable. We do have more oil to produce but it is not going to be cheap.
using more and more natural gas instead of gasoline, will drive the price of oil down due to lessened demand on oil. we have a bright energy future if we can figure a way to get through this current mess