The world’s energy axis is shifting as we write. Global oil and gasoline prices dropped in October 2014 to 17-month lows. Saudi Arabia cut the price of its benchmark Arab Light oil to the lowest point since December 2008. Russia’s oil production is approaching post-Soviet highs. Libya
We have a powerful weapon at our disposal: lifting the crude oil export ban. The mere possibility of adding more US product into the global energy market is making government leaders worldwide stand up and take notice. Some countries are cheering, while others are shaking in their boo