Thursday, August 1, 2013

Too Much Fracking Oil in USA Hurts OPEC

According to a top Saudi businessman, fracking in both the U.S. and Canada is taking a toll on global demand. Prince Alwaleed bin Talal said that U.S. fracking processes have lessened the demand for Saudi oil. Saudi Arabia started initiatives for Saudis to develop technology and service companies to makeup for losses from oil income.

With some regulating, fracking is a safe way to develop our energy independence. Fracking is also a boon to U.S. consumers and a job stimulator.

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