Posted on 10/13/2015 6:58:56 AM PDT by Lorianne
The Green Hoard opposes construction projects involving Tar Sand oil, claiming it's "dirtier" (has more carbon)
I think one article said the Saudis did the same thing some decades ago, driving up their output to drive prices down, and it took 30 years for our oil industry to recover from the hit. Our companies are not going to be willing to invest in domestic production even if prices rebound later when they live under the fear that the Saudis will simply do the same thing again and drive them out of business again. They’ll invest in something safer. We’re in full-tilt economic warfare with the Sauds. Chew some popcorn and await the outcome.
Yes but that is not why they are having financial trouble right now.
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