Oil Boom Gives U.S. New Edge In Energy And Diplomacy

The emerging order in the energy realm is a stable balance of power. Saudi Arabia, which essentially runs OPEC, has put a floor under the oil price — probably around $50 a barrel — with its limits on output and exports over the last four years. But now the United States, by the sheer force of its production, the supremacy of its technology, and an unmatched pipeline, refinery and storage structure, has put a ceiling to the price.

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