Originally Posted by
ryan1234
I'm not sure that this is an entirely good thing in the long run.... not trying to rain on anyone's parade.... just my opinion.... without Saudi influence, and players like Venezuela and Iran controlling OPEC, perhaps bringing several new oil-rich countries to the game... this might not be such a good thing for the future of US oil.... it is a relief for now... hopefully we can make the energy swtich....
just imagine if oil prices went over to the Euro.....it may be a long shot but it still could happen if OPEC becomes stronger without Saudi influence... although the Euro is dropping with the dollar it may not be for so long...
I just think we should be cautious about what's happening...
Or as an alternative find all the supply we can.
Drill Baby Drill