Alaskans are soon to suffer the pain of falling oil and natural gas prices, since fossil fuel extraction has largely funded government for many years. by Bob Adelmann
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.