Economists predict that electric vehicles will be competitive with gasoline-powered cars in seven years, and this could drive oil prices down to $10 per barrel.
The latest estimate from API, the energy trade group, is that increased exports of liquefied natural gas over the next 20 years will add nearly 500,000 jobs to the American economy and $73 billion to the country’s gross domestic product.
Despite OPEC's efforts to raise oil prices by cutting production, crude-oil prices are expected to remain under $60 a barrel for at least the next year.
America's free market in energy is permanently eclipsing the OPEC cartel — this time through fracking old wells.
While promising to save both the environment and humanity, the push for electric cars does neither. Not only does the electric car market survive by manipulation of the free market, it is built on the backs of child slave laborers.
Even as it predicts higher oil prices, OPEC is fighting a battle it cannot win, as U.S. producers continue to threaten the cartel's very existence.