Good News on Energy

Larry Kudlow has a good story out on energy in NRO. Gloom and doomer Dems may soon be in retreat on this one, and Iran may regret not settling with the US on nukes, as it loses leverage in the oil markets:

Recently I interviewed four oil-tanker executives who control a combined 85 percent of the oil coming into the United States. They confirmed market rumors that the amount of oil being stored on large carriers on the high seas is abnormally high. One of the CEOs even predicted the possibility of $40 to $50 oil in the next 6 to 12 months. In another interview, Chevron CEO David O’Reilly suggested that gasoline and energy demands have flattened in the U.S., and may be showing signs of decline.

Nice timing pre-election.