With America’s resurgence of energy infrastructure, oil shocks could be a thing of the past.

To sum up, oil prices stand neither to go up or down but remain steady, and that’s a good thing. More reliable petroleum delivery routes that bypass the Middle East reduce the ability of OPEC to artificially inflate oil prices. Oil will trade more like a regular commodity, and its price will see less fluctuations. In fact we have started to witness this over the last 3 months: Despite OPEC’s successive announcements of production cuts, oil prices have mostly ignored OPEC and remained steady in the $50 range.

Good for New Hampshire, good for America.

c/o | GraniteGrok  – Source Article