Falling Oil Price slows US Fracking By STEVE AUSTIN, 2014/12/08

The oil price sudden drop from $100 to $67 highlights how U.S. fracking companies are vulnerable to pricing pressure by Saudi Arabia, hell-bent on stomping the American Oil Revolution out of existence.

Oil Price Fall Threatens US Oil Production By STEVE AUSTIN, 2014/11/04

The sharp oil price fall from $100 last summer to below $80 in just three months will bankrupt small US oil producers who need at least $80 per barrel to be profitable. It's as shame because the dream of US energy independence may never realize. Meanwhile OPEC producers are seizing this opportunity to keep prices just below $80 and thin out competitors.

Oil Price Drops on Oversupply By STEVE AUSTIN, 2014/10/06

Back in 2005, the US had to import 60 per cent of its supplies from abroad. By 2014, however, the USA only needs to import 30 per cent of its oil consumption. The oil revolution is paying off: too much oil is now on the market, causing prices to drop.

Partial Lift of Crude Oil Export Ban By STEVE AUSTIN, 2014/09/08

Although not lifted altogether, the ban on crude oil exports got "bent" slightly so that condensates, lucrative to both producers and refiners, can be exported.