August 10, 2017

FOREVER’S A MIGHTY LONG TIME: Big Oil Is Planning to Produce at $50 Forever.

The Middle East still produces a huge amount of oil, and a war or other disruption there could still send prices soaring — temporarily. But, yes, with North America’s proven reserves and lower-cost fracking technologies, the days of $100 oil aren’t coming back to stay any time soon.

So go on and hug a fracker today.

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