An international attempt led by the Saudis is hard at work at putting a stop to America’s incredible ability to practically triple its increase of oil production through hydraulic fracking.
While the Saudis have the staying power due to a trillion-dollar reserve and a population of less than 30 million ruled by a tight-knit royal family, its aim to crush the U.S. fracking expansion will have only a short-term effect, despite the International Energy Agency calling for a downturn in international demand.