The Sadia Arabia Oil Minister recently predicted we may never see $100 a barrel of oil again. A Saudi billionaire has also made that statement. While that would not make the Koch Brothers and others happy it will make things easier for consumers. While the oil minister did not mention the U.S. fracking program it is possible that is why OPEC wants to keep the price down. A lower price means that obtaining oil via fracking will become to expense of a program. Such a movement by OPEC would keep more of the world dependent on them. In the end if the U.S. does not want to go back that dependency then they will need to put more into developing alternative energy sources within the U.S. Rich usatoday/story/money/columnist/bartiromo/2015/01/11/bartiromo-saudi-prince-alwaleed-oil-100-barrel/21484911/
Posted on: Mon, 12 Jan 2015 23:00:00 +0000
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