Originally Posted by RaiderH8r
Crude oil remains a global commodity. If you want to see what happens to an energy price when America truly commits itself to producing I give you the natural gas prices here.
You see the trend from when unconventional production takes off to now and the price drops roughly 50% to today's price. Natural gas is a regional market, meaning we don't currently have export facilities to scale. Hell, before 2008 companies were investing in LNG import terminals to bring crude to the US market. Lo and behold we find ourselves in an energy revolution and the prices come down. As America continues (or damn well ****ing should) produce unconventional crude oil to put on the global market prices will come down and/or America will reap the benefit of high prices and the infusion of the corresponding foreign capital. That is if we don't **** it up. Face it, idiot ****ing liberals will **** this up. Dumbasses.
And you're a dipshit for insinuating that we have oil reserves comparable to our NG reserves.