Comment Fracking BS (Score 0) 236
Fracking is used for Natural Gas production not Oil last I looked.
Iran's output has been stifled by sanctions, not market oil glut. The cost of domestic oil is what keeps the US at odds with Middle Eastern countries. If they drop prices they render domestic oil production too expensive. The truth is America is still at the mercy of the Middle eastern oil. All they need to do is produce more oil at lower prices and they will destroy the domestic market. Oil companies are going to buy from the cheapest source, that's how Exxon/Mobile makes record profits every quarter.