THE POTENTIAL IMPACT OF LOWER OIL PRICES finish later
Oil Prices Continue to Define Geopolitics
oil and dollars are fungible. oil prices fall off and the dollar surges. I favor a strong dollar; many do not. In the short run, lower energy costs helps the small guy and the consumer. In the longer run, our exports fall off, as the stronger dollar makes usa manufactured goods more expensive oversees.
it is a pity that we let the lobby gobbys forced us to go to the middle east for oil, by prohibiting on-shore production. shame shame on the uber liberals. the middle east mess could have been avoided.
to be continued
American shale revolution ends Saudi Arabia’s reign as oil king
Higher output in the United States has reduced Opec’s ability to control prices Eddie Seal/Bloomberg via Getty Images. The United States is set to be crowned the world’s largest producer of liquid petroleum this week, knocking Saudi Arabia off the top spot for the first time in two decades. The shale oil and gas boom in America has led to output increasing from about 8 million barrels a day in 2011 to approaching 12 million barrels.
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