Peak oil is real. This take down in oil pricing is temporary. There's more behind it than we're being told. Fracking and needing to go further and further out for deep sea wells is because the easy to access cheap light sweet crude has been harvested. Most of what is left is now the lower grade crudes.
The pipeline is being poised to make America independent of foreign oil but they somehow need that pipeline end up near a port so it can be shipped to the highest bidder. As though there's going to be so much oil from that pipeline that were going to have our independence and be able to ship the excess... I don't believe it. That pipeline was supposed to go through Canada to their west coast but there was so much of an uproar by the Canadian citizens that it never happened, hence the pipeline splitting the USA in half.. what's next, the pipeline will be used as a dividing line for when the western half of the USA is sold to the China? Why not, the politicians are selling off as much as they can to the highest bidder. China is the new superpower and China will side with Russia before they side with the USA. There's lots of geo-politics going on right now.
We're so lied to in this country. Who knows what to believe any more?
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