Despite the best efforts of the nefarious forces aligned against it—up to and including the current illegitimate junta running the FUSA.
Opec’s worst fears are coming true. Twenty months after Saudi Arabia took the fateful decision to flood world markets with oil, it has still failed to break the back of the US shale industry.
North America’s hydraulic frackers are cutting costs so fast that most can now produce at prices far below levels needed to fund the Saudi welfare state and its military machine, or to cover Opec budget deficits.
This is a cold douche for Opec. It has been an article of faith among Gulf exporters that hedging contracts had kept US shale companies on life-support and that there would be a brutal cull as these expired in the first half of this year.
No such Gotterdamerung has occurred.
Aww, so sad. Imagine how upset our enviro-douchebag, Muslim-sucking retard of a pRetend pResident must be. As always, if it makes Obama unhappy, it’s bound to be good for America.
Suck on it, asswipes, every last one of you, from the shores of Tripoli to the festering, diseased swamps of Mordor on the Potomac. We’ll defeat you yet, by God. I’m suddenly reminded of a great quote from one of H Beam Piper’s books, one I use as an e-mail signature sometimes: “You know, Yves, he’ll do it. He doesn’t know how impossible this is, and when we try to tell him, he won’t believe us. There’s no stopping a guy like that.”
Says one hell of a lot, don’tchathink?