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What are the pros and cons of cheap US produced oil?

Asked by janbb (62887points) October 21st, 2014

Cheaper gas at the pump is great and it is great that we are not so dependent on the Middle Eastern oil cartel. But in the long run are we damaging the earth more by extracting shale oil? I also think that having cheap oil impedes our development of renewable sources of energy. Your thoughts?

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