In attempting to flood the world markets with oil and put many U.S. oil fracking companies out of business, OPEC overplayed its hand, and the world will continue to see low oil prices, even as OPEC's influence diminishes.
TransCanada Corporation's shrewd political ploy to avoid having the Obama administration judge the wisdom of a Keystone Pipeline expansion just might work. If it doesn't, it won't matter: Canadian crude will find its way to refineries somewhere, somehow.
It's premature for OPEC to conclude that its strategy to force American marginal producers out of the market is working.
The House voted to lift the crude oil export ban, but Obama will veto any bill that benefits Americans though lower gas prices and more jobs in the energy industry.
Doug King has made himself and his investors a lot of money by noticing the weakness of the world economy, including in the demand for oil.
The fact that the Department of Energy has decided to get out of the way of American businesses that wish to sell natural gas overseas will have vast positive implications for the United States and much of the globe.
Government’s latest Orwellian tools to spy on citizens, known as “smart meters,” are literally blowing up and catching fire, risking lives and property to facilitate what even officials acknowledge amounts to intrusive state surveillance. In fact, your home may already have been fitted with one of the dangerous meters in recent years. The latest explosions of the controversial espionage devices, used to monitor citizens’ electricity and water usage, happened in California last week. Amid a government-caused water shortage across the state, bureaucrats are hoping to use the hazardous meters to catch citizens consuming more than their government-approved water rations. As more and more “smart” meters explode and burst into flames, though, citizens concerned about safety — not to mention privacy and liberty — are increasingly fighting back.
Big gates sometimes swing on little hinges. Such could be the case in Oklahoma where one woman is rocking the oil and gas industry.