Thanks Obama! We couldn’t have done it without you! /sarc
WTI is, of course, heading back up above $100, at about $98 this moment in Singapore. Brent, more importantly, never got under $100 this year and is back up to nearly $112 this moment.
North American oil has a good chance to achieve tiny increases the next few years, mostly from Canada. US production has a good chance of resuming its normal, natural decline within those same next few years, offset by Canada.
How about that timing! Just in time to pay for health insurance!
the oil boom is happening despite the Obama admin. they will of course take credit for it.