Since America’s 1970 peak in oil production, our dependence on foreign oil has ballooned. But thanks to the recent U.S. oil boom, the dependence is waning, and wreaking havoc on the oil price. Matt Insley explains the true meaning of the term "cheap oil" and why it could be great for long-term investors. Read on…
via Daily Reckoning http://dailyreckoning.com/redefining-cheap-oil-for-the-next-10-years/