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Won't last. Fracking and the new technoligies dry up VERY quickly. Isn't like hitting a well in the 1930s. Huge resorvoirs are gone in favor of sipping off oil between sand crystals. A well that used to produce high volumes for 25 years now lasts 2.
 

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Well, there is the fact that the USA is only about 3.8% of the world population. How about they just sell everywhere else instead?
 

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Well, there is the fact that the USA is only about 3.8% of the world population. How about they just sell everywhere else instead?
Because we happen to be the largest oil consumer in the world...
 

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Because we happen to be the largest oil consumer in the world...
Until 10% of the USA drives an EV. Then we will be at the bottom of the list and probably exporting oil.
 

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The Saudi`s no longer have growing production in Iran, Iraq, etc., to worry about. How long can their octagenerian leadership keep the lid on if oil prices fall?
 
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