As the sheeple fill up their tanks for holiday trips, paying over $3/gal. for gas, do not celebrate this “oil boom” too loudly. Our shale oil will be sent from Cushing, OK to Houston for refining and then shipped to Japan and China.
Our devalued dollar will still be used to price gasoline, unfortunately, so we will still be screwed.
As the sheeple fill up their tanks for holiday trips, paying over $3/gal. for gas, do not celebrate this “oil boom” too loudly. Our shale oil will be sent from Cushing, OK to Houston for refining and then shipped to Japan and China.
Our devalued dollar will still be used to price gasoline, unfortunately, so we will still be screwed.
You have a good point there. However in my mind the BIGGEST and Brightest aspect of all of this new recovery of oil through horizontal wells is that it was the spike that ended the dreams of the Democrats and so-called elites to totally kill the U.S. during BHO terms of office.
Yes they still might succeed, but they would be finished by now if it hadn’t been for the ‘new’ energy boom in petroleum.
So what? American jobs and American tax revenue will still be generated!
You should not care at all about who the final user might be.
THAT! right there needs fixing.
If the day comes when oil is purchased in some other currency, you will learn the true meaning of “devalued”.