Jordanian pilot burned alive by terrorist

[jeremy1375]

Saudi Arabia can produce oil for around $10 a barrel. U.S. shale operations costs to produce oil are around $50 and up per barrel. March crude futures are trading around $52.70 as I write this.

OPEC has the ability to put our operations out of business as we're seeing by their current policy. We saw their power in the '70's. Then when they cut production in 2008 by more than a million barrels a day. Now they leave the tap wide open and show that our operations can not compete if they do so.

Capitalism can not compete when the rest of the worlds oil is government controlled and cheaper to produce than ours.