BY RICH GALEN
Reprinted from Mullings.com
The American oil and gas industry has saved our collective bacon.
On July 3, 2008, oil closed at $145.29 a barrel. Demand was strong. Inventories were low. And production was inelastic.
A few weeks ago, headlines screamed that U.S. and Gulf State aircraft had target Syrian oil installations under ISIS’ control in an attempt to degrade its ability to fund its operations. Continue reading
