Rather Than Boon for Japan, US Shale Oil is Still Rip-off

365

September 22, 2014

Published in The Japan Times
(Japan) on 21 September 2014
by (link to original link to original)

Translated from by . Edited by .

So the U.S. is working toward a situation in which the U.S. buys low-priced crude oil from Saudi Arabia and other Middle Eastern countries, which would greatly benefit domestic consumers, while profiting big on exports of shale oil, already in excessive supply, to Japan at high prices. It must not be forgotten that the U.S. behaves as if it’s all too ready to use even a close ally as a stepping stone to its own prosperity.

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