Oil prices are in a prolonged slump, gasoline demand is weak, and the international oil cartel is limiting supply. U.S. oil production, buoyed by relatively recent advances in drilling technology, is high and rising.
Good news if you’re an American.
American oil companies are doing fine, and outside of California, motorists are reaping the benefits of reliable supply and low prices.
Exxon Mobil just beat expectations by announcing $4 billion in profits in the first quarter of this year.
All this of course outrages the Left. They’re screaming as loudly and as pathetically as the Birthers ever did over America’s good fortune.
Read the whole story in the San Francisco Chronicle