That's the plain truth! What hussein is doing (along with Soros and Buffett) is aimed at the Conservative heartland -- Texas, Oklahoma and North Dakota. It fits into his evil jigsaw puzzle of killing Keystone XL, manufacturing the conditions for the BP oil spill, halting offshore drilling and now, bowing to OPEC with these profit-killing prices. The trio of hussein/Soros/Buffett wants nothing less than for everyone to be driving those ridiculous electric clown cars.
If the Republic can make it just two more years, the Cruz/Palin administration has a tough task ahead to steer things right. Since both are from oil-producing states, this kowtowing to OPEC will come to an end. We'll have cheap gasoline but also have profits for American energy companies. I can't wait for January 2017 when American Exceptionalism returns!
Why would Buffet want to kill the ND oil industry. His railroad, the BNSF is making Billions shipping oil by tanker car. He then bought a tanker car manufacture to supply equipment for his railroad.
The price decrease in oil is because there is more supply than demand on the world market. Then when OPEC met recently, Saudi Arabia chose not to decrease production. They want to force a cut in US production. However, they also want to hurt Russia and Iran. Russia is their biggest competitor to China and India(the new growth markets). Iran is their political foe in the middle east and scares the heck out of them more than it does us. Lastly, Saudi Arabia knows that Europe and Japan are in a recession and could not afford high oil prices.
We are probably going to watch the breakup of the OPEC cartel over the next year or so.
“everyone to be driving those ridiculous electric clown cars.”
I would love to put the east coast Yankees from itty-bitty states into one of those clown cars with 3 small kids, a dog, and a cranky spouse and make them drive from Texarkana to El Paso in August. Then we’ll see how they feel about those crappy little cars.