So this could impact the Saudi’s mosque/terrorist training site building fund?
Not till prices fall below $70-$80@barrel.
Right now. I’m not so sure that falling prices are advantageous to the USA. Because as long as oil prices remain high, oil production will rise really really fast—as it is now by 1 million barrels @ day per year.
That is, right now the most important thing is for the USA to become energy independent.
Once energy independence is gained, then its time to start forcing the price of oil down. That’s about 5 years out.
Actually, oil prices are set internationally. For now, rising US production and falling demand—is being met internationally by falling production and rising demand.
So energy supply and demand are roughly in balance.