This is good news at a time when the U.S. desperately needs some good news about oil.
I'm also glad that gasoline prices are down. I think many families were feeling the pinch. I've been to some malls lately and I thought there were fewer shoppers than there usually are.
As others have pointed out, it won't take but about six months for the world to burn through this 15 billion barrels of oil. The petroleum problem has a demand dimension as well as a supply dimension. Both sides of the problem need solutions.