Maybe, but it has had no effect on the growing U.S. oil production onshore in the lower 48. I read the Oil & Gas Journal and follow energy from many different news outlets on a daily basis. Big Oil does not blast the Obama administration hardly at all. They'd like to see Keystone built and worry about fracking being regulated a little too much, but otherwise, they are as quiet as a mouse. It is a good time to be invested in oil. And in about 15 years, when the major Saudi oil fields run dry, the price of the black stuff is going to rise considerably.PACEDOG#1 wrote:Oh, and the COWH has blocked expansion of oil drilling on federal lands and in the Gulf Of Mexico.
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