Gotta love the shale wizards, whose shale energy breakthroughs kept this country’s economy afloat during the disastrous Obama Depression. To punish them, Obama made sure the Iranian Sunnis got a fat oil deal in their fat nuclear weapons deal. This broke our domestic oil and gas price,which no doubt pleased Hussein, until the US GDP started tanking.
But Texas and Oklahoma energy producers are coming back, showing their determination and grit. The country owes them some gratitude for bringing our Middle Eastern enemies to the edge of the energy abyss.
This is ECON 101. This is the way the market works. Higher prices and not government intervention will bring producers back into the market. My advice to workers who may be heading back to North Dakota—rent, don’t buy. My advice to everyone—don’t ever believe the conventional BS about “market failure.” In success or failure, the market is working perfectly.