Submitted by Dramsey on December 3, 2014
This article points out how low oil prices, primarily because of exploding North American production, are causing immense pressure on Putin, Assad, and other bad actors who depend on oil revenue to keep going.
Does anyone remember how the Republicans were mocked for their naïve "drill, baby, drill" mantra, and the foolish notion that increasing domestic production would have any effect whatsoever on world oil prices?
The article notes that our expanded oil production puts us in a temporary position of strength, and wonders if we will be able to use it effectively. My take: no, because politics.