But another popular believe has it that $50 oil is the new normal. If fracking for oil in the Lower 48 became cheaper, and if new stability in the Middle East allowed countries like Iraq to step up production, prices could remain low for years to come.
"Charles Ebinger"
Energy Dept. might speed up terminal approvals
There’s buzz in Washington that a recent report commissioned by the Department of Energy could speed up approval of export terminals for liquefied natural gas in the Lower 48.