Hydraulic Fracturing is Good, But Oil Prices Should Stabilize to Keep As Many Suppliers in Business as Possible

I’m a supporter of fracking as it’s helped us reduce our dependence on foreign oil suppliers, such as Saudi Arabia and the rest of the crooked OPEC cartel.   But too much of a good thing is NOT a good thing.

In order for everyone to stay in business and to make a profit, the free-falling oil prices need to stabilize at a level that will do two things: allow fracking to supplement our oil consumption needs while alternative energy continues to be explored, and damage OPEC at the same time.

OPEC’s been screwing us since 1973.  The more we can tell OPEC to go screw itself and rely on our own resources, the less we will need to be involved in foreign conflicts to protect our energy interests.   Iran wants to blockade the Persian Gulf down the road?  Let ‘em.  OPEC forces can fight it out with Iran—without our help.

Of course, the reality is that we’ll still depend on OPEC oil and we’ll have to keep a lid on Iran ourselves, if Israel doesn’t decide to turn Iran into a parking lot first.  

Saudi Arabia seems to be flooding the market with oil to lower the prices to drive more American companies out of the hydraulic fracturing business.   I don’t know how to combat that strategy, except to embargo Saudi and OPEC oil.  

Whoever wins this energy scrap will control pricing for years to come.  If we hope for maximized energy independence, Saudi Arabia and OPEC must not win this fight.