[T]he world continues to be awash in crude, and American frackers have replaced the Organization of Petroleum Exporting Countries as the world’s swing producers. The once-feared oil cartel is, to my mind, pretty much finished as an effective price enforcer.
“VOA will present the policies of the United States clearly and effectively, and will also present responsible discussion and opinion on these policies.” — VOA Charter
Cheap Gas Is Killing Coal and Saving the Planet
[N]atural gas is beating coal in the race to the bottom of energy prices. Thanks to the U.S. shale boom and significant increases in LNG exports from countries like Qatar and Australia, natural gas is plentiful and, more importantly, cheap….enabl[ing] both China and India to move away from much dirtier coal.