RE:oil price ''I doubt the US Government will let this cheap scource of gasoline be comprimised by outside forces. market or otherwise.''
if I could discuss this aspect a bit more, I could see the us government continuing to supply the fracking plays either by direct subsidy ie money for 'research' or tax breaks.
this would insulate, to some degree , them from a rising oil price. [I think]
Oldrancher that would not be good.
hopefully Irans political shenanigans all over the middle east ,will cause the cartel to not admit them .
sure hope so... my investments in the Canadian oil patch would definitely benefit from a robust crude price