Friday, November 20, 2015

Goldman eyes $20 oil as glut overwhelms storage sites

Free Republic

Saudi Arabia is the low cost producer of oil.  They can still make money on $20 oil.  The fracking industry cannot.  This is going to increase dependency on foreign oil.  It may seem good at the moment, but this is going to drive a lot of producers out of the market.

This is why you need clean coal.  It is cheaper than oil, and we have plenty of it in America.  America is the Saudi Arabia of coal.

The far left will oppose it, but by doing so, they are enabling the terror masters, and harming the US.


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