The World in 2016 Has Too Much Oil, by Forbes
Geege Schuman stashed this in Energy
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Even a few years ago this headline would have been unfathomable.
Remember the battle cry of the Republic(ans)? "Drill, baby, drill!"
At this point more drilling means more collapse in oil prices.
Yes. Their fear was misguided.
Drill Baby Drill loses momentum:
http://money.cnn.com/2015/01/29/investing/oil-prices-drilling-supply/
10:24 AM Feb 19 2016