American Shale Oil Production's impact on global market

[dan_s]

There are some good concepts in this article: https://www.bloomberg.com/view/articles ... n-its-axis

There is a "paradigm shift" that must occur first.
> Upstream oil & gas companies can make a good profit with a stable oil price in the $40 to $50 range. F&D costs and operating expenses have come down that much. All you have to do is look at Q1 2017 results for the Sweet 16 to know this is true.
> The federal government needs to support the industry, not fight it constantly. This does not mean we abandon clean air and water rules, which are in the best interest of everyone.
> We need a tariff or tax on imported oil, to support a domestic oil price that is fair to both producers and consumers. "American Energy First"
> We could also use the SPR to help stabilize domestic oil prices.
> Growing exports of natural gas, NGLs and products refined from American oil will also help.

Becoming totally energy independent will take a long time, but the U.S. could easily become "Western Hemisphere Independent", allowing imports only from Canada, Mexico and S. America.

We have spend $Trillion and lots of lives defending the Middle East just to keep the supply of oil coming.