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1/27/2016 8:08:26 PM
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Gov't involvement has its hands all over the drop in oil prices. Our oil companies are profitable at $50 oil, they are insanely profitable at 80-100$ oil. What recent deal just released an entire foreign oil producing nation's oil supply onto the international market? Oh that's right the Obama/Kerry Iran deal! There wouldn't be massive unemployment in these oil producing states if sanctions on Iran were not lifted. Combine that with laws against the U.S. Exporting oil and laws against drilling on federal land and the U.S.A. has regulated its way out of challenging OPEC for market share. Gov't involvement directly played a part in tanking the price of oil
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