The price of a barrel of oil was around $25 when the 21st century began, and had been as low as $10 in 1998. In the 1980s, oil more than once dipped to $8/barrel. Stop and think about those prices for a second, and ask yourself what happened. And in asking yourself what happened, consider that in the 1980s and 1990s there for the most part wasn’t any domestic drilling in the United States. What’s the riddle here?
Read Full Article »
