I don\’t know if it will last, but crude oil futures have dropped below $80 this morning.
That, folks, is good news. And it is almost entirely due to oil production from hydraulic fracturing (more commonly known as “fracking”), which – as I showed by presenting both sides last week – is a controversial technique of recovering shale oil.
Now watch Barack Obama take credit for the amount of production and its benefit to consumers…as if he ever had a good word to say about fracking.
