Article

2013-10-19 Economy

Awash in oil, US reshapes Mideast role 40 years after OPEC embargo

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Posted by Fred 2013-10-19 00:00|| || Front Page|| [4 views ] Top

#1 the Oil Ticks better like Chinese. Uncle Sugar isn't gonna be their mercenary any more

Posted by Frank G 2013-10-19 09:53|| 2013-10-19 09:53|| Front Page Top

#2 Forty years after an Arab oil embargo throttled the U.S. economy, surging North American energy production has brought the United States closer to a long-dreamed "energy independence"

And it's all happening in spite of an administration that wants otherwise.

Posted by Pappy 2013-10-19 12:28|| 2013-10-19 12:28|| Front Page Top

#3 ...After a certain point, the PRC is going to tell OPEC in no uncertain terms exactly how much they'll pay, and OPEC will disintegrate as it becomes every shiekh for himself.

And at that point I will laugh, because the holy terror that the oil nations have unleashed upon the world will implode upon them like the wrath of Allan...which it indeed will be.

Mike

Mike

Posted by Mike Kozlowski 2013-10-19 13:34|| 2013-10-19 13:34|| Front Page Top

#4 "The United States is less reliant each month on Middle East energy, thanks to increasing production of both oil and natural gas from technologies such as hydraulic fracturing, or fracking, which allows extraction of oil and gas from shale deposits."

I am a tad curious as to who is financing the fracking demonstrators...

Posted by Uncle Phester 2013-10-19 21:44|| 2013-10-19 21:44|| Front Page Top

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