Here’s your feel-good story of the day: The cartel lost $76B last year due to U.S. fracking.
I’m old enough to remember when Barack Obama told us we couldn’t drill our way out of the energy crisis. Oil reserves continue to climbe every year, as they have for decades.
[Update a few minutes later]
Sort of related: Three reasons natural gas prices may be headed higher.
We just put in a soaking tub in our renovated bath, and now our 40-gallon water heater isn’t quite up to the job. I’d been thinking about putting in an instant heater in the bath, but there’s no gas line to it, and at California prices, the electric bill would be a killer. I could replace it with an instant-gas heater, but I’m starting to think maybe just get a bigger tank, given that it’s almost thirty years old.
[Update a while later]
OPEC is dead.
It’s been a feature of my life for forty-five years. It’s not quite as big a victory as ending the Cold War, but good riddance.