"As discussions on shale (tight) oil’s prospects get more sober and reasonable, we still see some hype in the media driven by anti-Opec, anti-Middle East, anti-Arab and anti-Saudi Arabia sentiments.
The hundreds of billions of barrels provided by these sources over the last 50 years for the benefit of the world economy, especially the Western economy, are at least temporarily forgotten in the euphoria of desperately trying to subdue Opec producers.
We all remember statements like “We’d never have to worry about Saudi Arabia again”, “Opec would be a thing of the past”, “The coming of Saudi America” or “Liberal America is still reliant on buying oil from stark ideological and geopolitical adversaries such as Saudi Arabia and Venezuela”. There is also that most incredible notion of oil tankers lining US shores to carry exported oil to the rest of the world."
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