Quote:
Originally Posted by 1ViciousGSX
We as a country do import a lot of oil, but we also produce a lot for our own use.
If OPEC and the Saudies have such a monopoly on low cost production, our ramping up production for our own use shouldn't really scare them, but it did. Just like politicians, don't pay attention to what they say, pay attention to what they do. They last thing they want is an oil independent USA.
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Who said that the Saudi's are scared? I don't see these as the actions of fear or weakness. We have been exporting our shale oil and taking away their market share. They are giving us a reality check.