We will never get Saudi oil for $2 a barrel. $30 per barrel is about what oil costs out of the ground in Colorado so this is competitive. What the US does not have because of the wackos is enough refinery capacity.
Colorado shale oil might compete with Colorado pumped oil and with what’s left of Alaska North Slope oil, but not with most oil on the world market. So long as we can afford it we’ll pay for it if there is no cheaper alternative, but right now and for a while longer if war is averted cheaper alternatives are still available.
“We will never get Saudi oil for $2 a barrel. $30 per barrel is about what oil costs out of the ground in Colorado so this is competitive. What the US does not have because of the wackos is enough refinery capacity.”
Is that why they are producing oil sands in Canada at $30 per barrel?