I recently spoke with former Director of Central Intelligence, James Woolsey, for an episode of my podcast. Following are four key takeaways from our discussion.
OPEC won’t let the price of oil stay low for long.
Saudi Arabia is playing hardball with the rest of OPEC for the first time in decades. But that won’t last. Low prices hurt the Saudis as well – and they know it. When the Saudis think it’s time, prices will climb.
Want to contain rogue players like Russia, Iran, and Venezuela? Cheap oil is the best way.
Notice how quiet things are in Eastern Europe? That’s because Vladimir Putin depends on oil and gas for most of Russia’s export income. With the price of oil halved and the ruble in the tank, Russia is causing less trouble than it did last year.
America’s oil and gas industry is as creative as Silicon Valley.
Ten years ago, we thought the U.S. was running out of natural gas. Now, thanks to revolutionary innovation in energy development, America is the world’s leading energy producer. Maybe it’s time to give the oil and gas industry an ‘attaboy’.
If you want to do big things, growing up in Oklahoma is a good place to start.
I grew up in Holdenville, Oklahoma. It turns out Jim Woolsey is a Tulsa native. Must be something that makes Okies want to take on the world.
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