We used to say lower oil prices good for America. Do we still say that?
We are oil exporters now, after all.
We used to say lower oil prices good for America. Do we still say that?
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It’s not at all simple anymore when we are a producer. The fracking industry is out of business with these prices.
“ We used to say lower oil prices good for America. Do we still say that?
Except in Texas and Oklahoma...
“We used to say lower oil prices good for America. Do we still say that?
We are oil exporters now, after all.”
Yes!
Lower oil prices just mean the dollar is getting stronger.
Exporting oil just means that more (stronger!) dollars are flowing into the country.
It’s a total win.
Our cost per barrel at the well is significantly higher than the arabs. They are at less than 2 bucks per barrel if I recall.
They can drop and drop the price and cause us serious financial difficulties.
It’s good for American consumers. Inexpensive oil in March makes me warm all over.
The USA imports 6 million bbls/day to meet domestic demand.