Regardless of how President Obama and his “Progressive” democrats, tree hugging lunatics, GE, Bill O’Reilly and the main stream media misinform you, the major oil companies have never been the reason for increased prices of gasoline. For purposes to identify this misguided group I will refer to them as “Obama’s Weirdo’s”.
Price controls that this group always threatens to use, will not have any effect to lower what you pay for gasoline. If anything, it could cause the price to go higher.
To explain all of the reasons affecting the price of crude oil would end up being a book. OPEC alone could have a million reasons that would cause wild increases. With lunatics like Chavez, Qaddafi and Ahmadinejad impacting prices, they can shut down production if they wake up with a toothache. In my opinion the manipulators like George Soros and the arbiters who speculate in the futures market are the primary reason for most increases we had seen over time. These are the same people who make sure “Obama’s Weirdo’s” are funded to keep you excited. If you have time to read the millions of pages of events over the past forty years you would agree. Prove me wrong with facts, if you have the time, and I will apologize.
The tree huggers would outlaw all gasoline using products and use oil to make plastic toilet paper. We would revert back to the horse and buggy for transportation. Airplanes and trains would be eliminated. Can you imagine the piles of horse crap that would pile up on a transcontinental trip?
Progressives have been screaming for 40 years for raising gas prices like they have had in Europe. They want the extra money to spread the wealth with welfare. Recently they are pushing for a Value Added Tax (VAT) like Europe, again to have more money to redistribute the wealth. Every idea they come up with punishes the people they have brain washed with money to not work, the poor.
Only one person on earth can stop the recurring oil price madness. Who can stop it in 24 hours, the President of the United States of America? Bush did it. Will Obama use this power, no he just keep blaming anyone he can. He stood up in front of America last Friday and lied to the people is why I make this statement. He told the American people that American oil reserves are not adequate to reduce our dependence on foreign oil. He stated that we have only two percent of the world’s oil reserves. Both of these statements are outright lies. He stated that domestic oil production in 2010 was at its highest point in seven years which is misleading. Ten years ago our oil production was ten percent more than in 2010. In 1970 it was double what was produced in 2010. It has steadily decreased over the past forty years because drilling has been regulated and controlled by the “Weirdo’s” under most Presidents since Carter.
In 2009 the non partisan Congressional Research Service (SRS) reported that the U.S. supply of recoverable oil to be 167 billion barrels. This would allow us to have more than 75 years of not buying any oil from foreign sources like OPEC. That does not include the natural gas and coal reserves. SRS reported that when you add these other two resources we have the equivalent of 1.3 trillion barrels of oil.
In addition the U.S. Geological Survey announced that the Arctic areas of Alaska and offshore has about 90 billion barrels of oil. That alone is more than Nigeria, Kazakhstan, and Mexico combined.
If you seek the truth, ever since Obama was elected, there has been a constant pressure to impede more drilling. His success has been to make Americans more dependent on foreign oil and share more of our wealth with OPEC lunatics.
I have visited the Middle East and North Africa in my travels, working in the petroleum industry. Let me warn you about another asset they have a world class quantity of readily available. Should science ever find a way that will demand buying sand for America to survive, we are in real trouble. I can visualize it now, it will be known as the Organization of Sand Exporting Countries, OSEC.
Obama can force the price of oil to drop tomorrow with one simple announcement, “All regulations and barriers on domestic oil drilling have been eliminated effective today”.
For Tadpole and the rest of American’s who care, it’s your time, stand up and demand that the President and Congress act or just get out of the way.