(ND produces about 1% of the globe's daily production, so Bakken can't greatly impact global prices.)
True and true. Well said. I wonder if gas prices will go up in the fall. For now, I suspect that refiners and dealers are holding prices down for tourism. The dollar has also been propped up more each late spring or early summer for three years (erroneous propaganda about the Fed lowering rates, stopping stimuli). Nationwide oil consumption was recently down over a million barrels per day from consumption a few years ago (slowing economic activity).