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A comment on When oil is no longer in demand. Parent comment

Re:When oil is no longer in demand by moomin on Wednesday November 30, 2016 @06:49PM (#13075773)
You're right. The price going down has, I think, more to do with the effect of fracking in the US. It's getting to the point that the US could be an exporter if it changed its laws.

The effect of petro-states will be much the same, though.

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Re:When oil is no longer in demand by ARothfusz on Wednesday November 30, 2016 @07:02PM (#13075838)
We are an oil exporter. We did change the laws. http://money.cnn.com/2016/06/06/investing/us-oil-exports-inc...
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Re:When oil is no longer in demand by moomin on Thursday December 01, 2016 @02:10AM (#13077764)
I missed that. Thanks for the correction.
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Re:When oil is no longer in demand by pragone on Wednesday November 30, 2016 @07:12PM (#13075891)
The US, like everyone else in the world, will always be an oil exporter and an oil importer. The grades of oil differ throughout the world, and are used in different industries.
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Re:When oil is no longer in demand by Spooky23 on Wednesday November 30, 2016 @08:20PM (#13076263)
More to do with the Saudis pumping more.
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Re:When oil is no longer in demand by maxerickson on Wednesday November 30, 2016 @09:08PM (#13076587)
It lacks 2015 and 2016, but the huge ramp up in US production (which fracking has contributed to) has clearly been a big factor:

http://www.eia.gov/beta/international/index.cfm?view=product...

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