It’s great we’re going to have freedom to produce energy, but we have to be real. If we went full bore we would drive the price down to nothing.
“If we went full bore we would drive the price down to nothing.”
I’m not sure that’s a bad thing for us. Energy is necessary in order to live. So is air and water... They are both free and so far that’s worked out OK.
Most of the cost of imported oil is accounted for in having to defend the countries who produce it.
Letting the Saudis play to the tune the Israelis were fiddling would be a welcome change.
Market forces should ultimately dictate the price. If ti causes the collapse of the OPEC cartel, who’s gonna cry?
If we drove down the price to nothing we could use that money to develop other things.
Part of the stimulus package is not only the production increase of oil,gas and coal but will include the construction of new refineries, modifications to existing refineries and LNG facilities, product loading facilities, enough construction to explode the heads of the greenies.
To achieve this, and it can be achieved, but only if Trump and the Republicans run roughshod over the Progs!
Great post and spot on.
Trump must have in place to take over OPECs share in their sales or we would have tremendous collapse of the price that would make the 70's look good.