Politics

Fracking Defeats OPEC and Democrats…We Did Drill Our Way Out

bakken-formation-map-lgHow many times have we heard Democrats declare that the United States couldn’t drill it’s way out of high prices?  Zillions.

Their plan was to keep countries like the United States (OPEC) raking in big bucks, while American businesses and consumers drown in a sea of high energy costs.  In July of 2013, I wrote a column in the Examiner that predicted that fracking could destroy OPEC.  That view was shared by Prince Al-Waleed bin Talal, the man who handles Saudi Arabia’s finances.

He said that fracking would undercut Saudi wealth and said that Saudi Arabia should look at other options.  He opined that Saudis should find another industry to fall back on when oil revenue starts to peter out.

take our poll - story continues below

Should Congress Remove Biden from Office?

  • Should Congress Remove Biden from Office?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Conservative Firing Line updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

He believed that fracking in the United States and Canada would lessen demand for Saudi oil and drive the prices down.  He was right.  At the time I wrote that article, oil was selling on the spot market at 96 dollars a barrel.  As of yesterday, the price was 44.89 a barrel.  A drop of over 50%.

Continue Reading

If you haven’t checked out and liked our Facebook page, please go here and do so.

Related Articles

Our Privacy Policy has been updated to support the latest regulations.Click to learn more.×