The US Economy will be fine. Prices may settle around 2.50 but Obama’s necessary 4.00 is a bunch of crap.
I cannot help the ridiculous left coast.
Fracking oil has disrupted OPEC to the point of oblivion for the US as far as I’m concerned.
We have more than they do.
"The new normal." Just a shrug from the POTUS and a "Hey, what can ya do?" Unbelievable that people accepted that crap.
Perhaps we will export oil down the road? Up to 800,000 bbl. might be extracted from a 1000 foot thick pay zone, extending a radial 80 feet from the well bore, if a new approach pans out.
http://oilprice.com/Energy/Energy-General/Can-Microwave-Technology-Compete-With-Fracking.html