What are you prattling on about????
* The USA is currently the number one producer of oil and LNG in the world. Cold reality!
* Hydraulic Fracturing; developed 70 years ago; produces very
‘sweet’ crude because shale acts as a high quality filter.
* The production cost advantage of Saudi Arabia, which began 85 years ago, has eroded substantially since that time.
* Protectionism is economic illiteracy beloved by crony capitalists, lobbyists and similar hustlers.
I know all that and know much more than you on this subject. I was with a heavy investment team both in the Bakken and with negotiating LNG with KOGAS.
The cost advantage of Saudi Arabia has ‘eroded’? BS! Back it up or go away!
Most drillers in the US are not crony effing capitalists. They are small operators seeking a living and an opportunity for great success.