https://www.bloomberg.com/gadfly/amp/articles/2017-07-23/saudi-arabia-turns-off-the-us-oil-tap
I'm sorry to put this here, but I have glanced (no, I have not studied it) at articles over the past few months that the U.S. can pee crude both from it's domestic and imports for a very long time. Obama opened up drilling,. "Drill baby drill" and that's what Obama did.
My question is this: Why is it hovering at $1.85 to $2.00 around our region and $2.25 to $2.35 along the trans Pecos corridor or other west Texas communities? I understand the Midland/Odessa boys want it at $2.00 to make some but the U.S. has more than plenty in oil.
I'm sorry to put this here, but I have glanced (no, I have not studied it) at articles over the past few months that the U.S. can pee crude both from it's domestic and imports for a very long time. Obama opened up drilling,. "Drill baby drill" and that's what Obama did.
My question is this: Why is it hovering at $1.85 to $2.00 around our region and $2.25 to $2.35 along the trans Pecos corridor or other west Texas communities? I understand the Midland/Odessa boys want it at $2.00 to make some but the U.S. has more than plenty in oil.