Pork Bellies, we all need our Bacon. Right? Right…..
Of course I mean OIL, Black Gold, Texas Tea. The vital Blood of the planet. The one Natural Product found on earth that man can NOT live without. This is the first year 2011 that OPEC will pass the $1 TRILLION dollars mark in sales. The price of a Barrel of Oil is $105 . Why?
I’ll tell you why, because the current Ideological Idiots holding the reigns of our nation are Professors, people who believed they can teach others the way the world should work, but they have no clue how it does work. The President said in his speech the other day that the price of oil was starting to come down because the recession had brought the price down due to the fact that our economy wasn’t purchasing it at a high rate, and the Price is going up now because our economy is on the rebound creating a greater demand, and the 3 wars in the Middle East of course. Both statements were out and out lies.
First off our economy is not on the rebound, we are at 15-17% Unemployment, housing prices have declined nationwide 43%, underlying inflation on Milk, Eggs, Bread, and cheese is at 19%. As for the world supply of oil on the market lets be honest, it hasn’t been reduced one barrel over the last two years thanks to the Saudis. They have increased production to almost double their normal sales. They are producing at a rate that the only nation producing oil for the world market Libya that has been stopped due to any war, it’s 1 million barrels a day have not been missed. That is the levels that OPEC is producing, thus the Trillion Dollar intake.
The cause for the price of Gas in the U.S. is directly the responsibility of President Barry Obama. 2 years ago there were 48 deepwater rigs producing oil in the Gulf of Mexico, today there are ZERO. There are 120,000 platform workers on unemployment along the Gulf Coast. In his speech he had the nerve to say” his administration has issued more permits than any other, and any tale saying otherwise is a lie.” What’s that? Come again? The Obama administration has issued only 7 permits and all of those since January of this year. The second of these permits went to Petrobras the Brazilian Oil company that we gave 2 Billion of American Taxpayer dollars to so that they can drill, a company mind you who’s principal stock holder is George Soros. and those seven won’t come on line for 18mths.
This is the list of Area’s that the Obama administration has put “off limits” for oil production. The East Coast, the West Coast, the Gulf of Mexico, Outer Continental Shelf exploration, Shale Oil fields entire nation, Tar Sands in the Rockies, Alaska, and all Federal Lands.
At the end of the 70s Carter had brought our nation to it’s knees the same way, you had to wait in line for 2 hrs on your odd or even day to fill your tank. President Barry never waited in those lines, he was 13 at the time.
Reagan faced these same conditions, what did he do? he cut taxes, cut regulations, and the” excess profit tax”, and permitted the oil companies to go back to work. Reagan stated honestly, “the answer to shortages and long lines is a greater supply.” The price of a barrel of oil after 5 years of Reagan in 1986 was $10 a barrel. If adjusted for inflation it would be $23 a barrel. Instead a barrel of oil is 4 times as great at $105, as it would be if the U.S. was producing.
Once again I ask why?
The answer is simple the idiotlogues that have been running things for the last two years believe they can force a change of our nations energy consumption from oil and coal to anything but, simply by cutting of domestic supply, forcing a change. The problem is there is no product that replaces those two natural resources, and ideas can’t grow for new directions by choking a nation out of production. Although, that is this administrations philosophy. GOD HELP US ALL …. oh yeah in his speech he said “cutesy sayings like Drill here, Drill now aren’t answer. Well just for your Barry.