Feel good story of the day

According to this article at the Telegraph, your favorite terrorist-supporting, woman-oppressing monopolists are screwed:

Saudi Arabia may go broke before the US oil industry buckles
It is too late for OPEC to stop the shale revolution. The cartel faces the prospect of surging US output whenever oil prices rise

I sure hope this is true. But if economic means have failed, it just means that the Saudis and their gang will redouble their efforts to stop fracking by political means. Matt Damon, call your office.

POSTSCRIPT: This chart is really interesting:

oil-price-vs-budgets

Wow, how badly is Venezuela run?

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