To do that, the world additional production would need to exceed the swing production that OPEC is willing to shut down to support higher prices.
Iraqi production is set to surge as well.
We might be entering a new era of cheap oil. Cheap oil will fuel a strong, growing economy. We are certainly entering an era of North American oil independence. All the government has to do is get out of the way.
Robbing? Hey Bloomberg, your ignorant economically-iognorant pinko writers need to take a refresher course in capitalism. It's called "competition" and "the law of supply and demand"; gawd how I loathe these POS morons.
I am all for causing pain to the muzzies.
I had an economics prof back in the 70’s tell us that the powers to be (Bilderbergs and libs) would not allow the US to become an oil power because that would financially destabilize the ME and take away the only way the camel jocks had to make $$$ (besides slave trade,extortion, or opium).
I found it maddening to see western companies go in and develop the oil fields only to have them seized by tin-horns like Chavez and 6th century morons and use that wealth we made against us.
I have always known we had enough to be totally independent and could have basically isolated ourselves from much of the petty bickering and conflicts if we had pursued that independence instead of wanting to be a member of one happy global economy world. I am by no means an isolationist on all fronts but in the case of national security I am. We have given away so much technology all in the hope of making the world better and it has gotten worse. Some cultures are destined to remain stupid and we need to quit trying to uplift them.