OPEC bets against U.S. fracking

OPEC bets against U.S. fracking

USA Today | December 21, 2014 | by James S. Robbins

Prices are down because of a combination of reduced demand and dramatically increased supply, created to an extent by the hydraulic fracturing revolution known as fracking. …There are strategic benefits for the United States because oil profits fund everything from the Iranian nuclear program to Islamic State terrorism to Russian military modernization. With lower prices, there will be fewer resources available to underwrite these dangerous activities.

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