It seems that oil prices are at historic lows. OPEC is dumping their product on the market while fracking is increasing supply in the US, while the growth in China’s demand for oil is falling short of expectations.

There are lots of theories about why OPEC is continuing to pump oil into such a shitty market, but in the end their motivations don’t matter. Oil is cheap right now.

So let’s burn theirs! Let’s sit on our own reserves until the price goes up. The oil under American soil will be worth a lot more later than it is now. A lot more. The US trade deficit is largely about energy, but if you can balance that with an increase in the value of our assets, it’s not such a big deal.

Better, let’s use their cheap oil to produce a crap-ton of photovoltaic cells, and invest in other energy-up-front technologies.

However you figure it, you buy low and sell high if you want to succeed. Right now OPEC is selling low. I’m OK with that. I’d hold off on the domestic fracking; we can destroy our land later if it proves necessary. It will sure be a lot more profitable later.