Quote:
"The fact that the price on crude oil continues to fall on the world market - is a positive phenomenon for the United States. The country has significantly increased production in Texas and North Dakota, and became one of the main reasons for the drop in the prices on raw materials, - Associate Professor of the St.Petersburg State University, PhD, consultant of the Public Chamber of the Russian Federation, Igor Khvalynsky told Pravda.Ru. - The United States is about to catch up with Saudi Arabia in terms of oil output, for the first time in about a quarter of a century. It is worth pointing out the reasonable economic policy of the USA, in contrast to many of its political quirks. Many criticize America, but the fact remains the same: due to the oil lobby in the Congress, the ban on the export of raw materials from the United States is a matter of the past. And that's why the prices on a barrel of oil drop. The US ships oil to South Korea already, and the Americans can sell their oil to Europe too.
I am agreeing with you Tom, in case you are wondering :D