Forum Discussion
SRT
Jun 23, 2013Explorer
LindsayRichards wrote:
Yesterday, the administration reduced by 2/3's the amount of federal land available for shale oil production. According to industry experts this will pretty much eliminate production on all federal lands which has been drastically reduced anyway. This will slow the energy revolution we are going through and increase fossil fuel prices even higher than now. The oil and natural gas revolution continues of private lands, but prices will feel a lot of upward pressure. Oh Boy.
It sure looks like this administration is doing it's best (or worst) to keep the price of oil products artificially high. At least there are plenty of private lands still available. Prices continue to slowly drift down a penny at a time around here.
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