And the result of this is:
WTI Oil Rises to Four-Month High to Cut Brent Discount to $15
US “landlocked” Crude prices are getting a little more competitively priced with the imported overseas oil.
That means more dollars for American producers and more domestic jobs as it expands.
Perhaps we will live to see the Middle East’s predominate role in global energy policy for the past 50 years recede into insignificance.
They will have to be satisfied with tales of “how it used to be when we had the West over an oil barrel.”
They’ll have to make do with their sand and camels, just like they did a thousand years ago.