Oil prices are dramatically down, Russia, the world’s largest oil producer and whose economy is overly dependent on high oil prices, is in economic turmoil. The Middle East’s influence on America has waned considerably, Venezuela’s influence and rhetoric against America is down sharply and American consumers are enjoying major drop in gas prices and the economic benefits which follow. Why? How is this possible with the ban on the Gulf of Mexico oil permits imposed by Obama and Federal Land drilling permits down 17% due to Obama’s policies and the extreme left leaning, anti-American environmental activist actions? Simple! Obama and his groups have been unsuccessful in usurping private property rights in America. Almost all of the increase in production in North Dakota, Oklahoma and Texas is on private land. Obama has been giving speeches as of late about how much oil production we’re enjoying. This is ironic (Yet predictable), as he tried to stop this! But, as he sees how popular this is, he is now taking credit! As usual, his believers tout “his accomplishments” while the informed sit jaw-dropped at Obama supporters seemingly intentional ignorance. As written in the 2014 Pulitzer Prize Winning paper The Gazette; “The oil boom Obama applauds comes mostly from fracking on private land. Take private leases from the equation and were right back to creepy alliances and wars that come with foreign oil dependence.” Obama’s biggest mistake was believing he could slow us down and force us to take a back seat to the growing influence of others he has supported throughout his Presidency. While his policies have hurt us badly, I am now confident we shall overcome and in the end, we will have learned a valuable lesson; do not elect a man based on his words, but his deeds. From the Wall Street Journal this morning; “Oil prices are continuing their downward slide today, as markets brace for the outcome of the U.S. Federal Reserve meeting this afternoon. Analysts anticipate an upward revision to GDP growth forecasts in response to the slump in oil prices, and expect the Fed to signal that a rate hike is likely in mid-2015. Brent crude is still below the key $60 mark, down 0.7% at $59.62 a barrel.” This is amazing when one looks at just how large of a drop has occurred in two short years when Obama’s policies where in full swing; “Average crude oil prices in 2012 were at historically high levels for the second year in a row. Brent crude oil averaged $111.67 per barrel, slightly above the 2011 average of $111.26.” Source: US Energy Information Administration American ingenuity and our PRIVATE LAND RIGHTS have made ALL the difference in the world….literally!
Posted on: Wed, 17 Dec 2014 13:51:40 +0000