It is quite simple to understand.Obama has limited powers.
He doesn't have any powers to use that would reduce the price of petroleum and gasoline.
His powers are limited to doing things that will cause the price to increase.
/s
Obama finally has things going the way he wants them, but it might effect his election so he is trying to soft soap America. He has gotten away with it for 3 years, and will probably get away with it again.
Tired of his lies. Tired of democrats selling us out. Tired of Republicans going along to get along.
In 1980, the U.S. had oil reserves of roughly 30 billion barrels. Yet from 1980 through 2010, we produced over 77 billion barrels of oil. In other words, over the last 30 years, we produced over 150 percent of our proved reserves.
The track record of the Federal Government and the industry in general to quantify the future with regards to oil and gas would have me betting on the “over” rather than the “under”.
he just blatantly lies about it. in his Marxist upbringing, it is not only a good idea it is a requirement to RULE! He has stated that he wants European type oil pricing...he would love a country full of bicycle riders who owe everything they have to the state....
Control baby!
(“Obama is prepared to really take power and begin to RULE from day one”..... Valerie Jarret co-chair of the Messiah's transition team.)
Here’s an even broader picture......
In 1944, U.S. proven oil reserves were 20 billion barrels — about the same as they are today. Yet, between 1945 and 2010, the United States produced 167 billion barrels of oil. In other words, the United States produced over 8 times more oil than the amount of proven oil reserves it had in 1944. How can that be? The answer is that proven oil reserves are not stagnant because people keep looking for oil. Proven oil reserves keep changing, are officially recorded every year, tallied country by country, and published in the Oil and Gas Journal, among other publications. And due to U.S. entrepreneurship and ingenuity, more reserves are found and proven each year.
What happens is one or more of the following: 1) technology is found that converts hard-to-produce resources into proven reserves, 2) oil prices increase to allow more expensive types of oil to be produced, and/or 3) companies are able to purchase additional leases and explore for new basins of oil. An example of the first case where technology enables oil resources to become proven reserves is hydraulic fracturing and horizontal drilling used to produce shale oil resources, most notably in North Dakota. North Dakota now ranks third among the states in oil production.[iii] Its proven reserves have increased 25-fold in 13 years, and are likely to grow much larger.
There isnt a scarcity of oil.......nor is there a scarcity of printed money.....
Its the printed money and subsequent devaluation of the Dollar that is pushing fuel....
One place where the nutcase Ron Paul is correct on
We would be far better off without all these foreign entanglements and wars for oil along with the manipulation from OPEC and the rest. That's the real quagmire we're stuck in.
You want a winning campaign issue? There it is. Take a poll, if you need to.
Another thing to keep in mind: The 800 billion barrels of kerogen in the oil shale is recoverable using current technology.
It is quite simple to understand.Obama has limited powers.
He doesn't have any powers to use that would reduce the price of petroleum and gasoline.
His powers are limited to doing things that will cause the price to increase.
/s
