That’s what will bring the prices down somewhat, but it will be sold, already being sold, and exported overseas. Oil Industry is a World industry, not just an American entity.
there’s going to be a glut of oil all over the world....that’s just the point. frackin’ is happnin’ everywhere. a few years ago, they said they are going to be able to get it out of the ground in North Dakota for $16 a barrell, and that’s probably more expensive than other places with cheaper labor.