Saudi Arabia dropped a proverbial bomb on the oil markets recently, dropping their price of crude to Asia by a dollar and .40 cents to the US. The Saudis are playing hardball. They’re defending their market share, particularly in light of the incredible shale-oil boom in America, made possible by fracking.
Think about it. The United States….without any energy policy from Washington….has the Saudis on the run. There are a lot of people today who never thought they’d ever see this scenario. And I have to tell you….for half a century, we’ve been supporting governments who are as thirsty for our dollars as we are for their oil. And I’m tired of it. I say…AMERICAN OIL FROM AMERICAN SOIL.
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