Posted on 04/04/2011 9:01:32 AM PDT by Starman417
The price of oil reached a 30 month high of $108 per barrel on April 1.
Almost as if a signal was given, a host of articles appeared recently all saying exactly the same thing.
You Can't Drill a Way to Cheap Gas
We can't drill our way to energy independence
The United States can't drill itself to energy independence
In 2006, Obama said of oil dependence:
We cannot drill our way out of the problem.
All assert that increasing domestic oil supply will have no effect on prices and cannot solve our dependency on foreign oil. All are entirely wrong.
Recently Stephen Hayward of the WSJ described Barack Obama's oil policy as "incoherent." That's being kind.
The US has loaned Petrobas of Brazil $2 billion to drill for oil and Barack Obama recently granted it a permit to drill in US Gulf waters even though Obama has largely shut down US Gulf oil exploration. Obama then told Brazil's President Dilma Rousseff
(Excerpt) Read more at floppingaces.net...
He has a policy?
I found out that the 2 billion dollar Petrobras story is an urban myth. I wish it weren’t so we could beat the Messiah with it.
Looks like $oro$ sold Obama to GE,wonder what they paid for him?.
With a dem in the WH several laws get suspended...law of supply and demand, law of thermodynamics, speed of light, etc.
“He has a policy?”
Yes. Do whatever hurts America most...
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