Oil and Gas will soon be so abundant that it will no longer be a weapon.
OPEC just found this out by trying to drive fracked hydrocarbons out of business by keeping prices low.
It didn’t work. American companies, American workers and American ingenuity make us more productive than anyone.
Our costs are far lower than OPEC or the “experts” ever estimated.....and those costs continue to drop.
Soon, US oil & gas will be the cheapest to produce in the world. It will be OUR weapon....not OPEC’s, not Venezuela, not the North Sea.....but the US.
What’s hurting OPEC is the very fact the political instability of the Middle East, Venezuela and Nigeria is driving a lot of buyers of oil away from OPEC members. Why do you think China is staking out claims of potential oil in the Spratly Islands and signed that gigantic petroleum deal with Russia?