It has just been staring us in the face. Too simple. We are the largest buyer of oil. Just like Walmart is a large buyer. Supply and demand no problem. The US announces it will pay no more than $100 per barrel for crude.
There will be a big cry and hubbub, threats, cursing and then sellers will start selling crude at $100.
You remember OPEC – US, England, France, Canada, Australia, Japan and anyone else who wants to join.
They cannot stop producing oil. Repeat that, they cannot stop producing oil. First they have to have money and second you don’t just turn off an oil well. If you do, you often end up having to redrill it.
Think about it, pass it along. We are literally in the driver’s seat.