Oil at $45 a barrel next summer would drive gas prices below $2 a gallon, again.

Thanks to the fracking revolution, the opening up of ANWR to energy development is irrelevant. 

According to the International Energy Agency, the growth of energy production in the United States is expected to double in the next eight years, making it the world's top energy producer.

Saudi Aramco CEO Armin Nasser said he isn’t at all worried about American frackers, since they are only going after easily accessible oil, but Big Oil has figured out how to be profitable in today’s oil market.

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.

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