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To: reefdiver
This administration deserves every bit of criticism it gets when it comes to energy policy, but there really isn't a strong link between high oil prices and impediments to domestic production, in my opinion.

If you go back and do research over the last four decades, you are likely to find that the single biggest factor in the rise and fall of the price of oil is the value of the U.S. dollar relative to other currencies.

Oil prices aren't high because production in the Gulf of Mexico and/or the Alaska outer shelf are down . . . they're high because the U.S. dollar has been sliding into the toilet for several years.

3 posted on 03/17/2011 3:59:44 AM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: Alberta's Child

http://news.yahoo.com/s/nm/20110309/lf_nm_life/us_usa_oil


4 posted on 03/17/2011 4:09:17 AM PDT by KDD (When the government boot is on your neck, it matters not whether it is the right boot or the left.)
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To: Alberta's Child
Gas prices are high because production in the Gulf of Mexico and/or the Alaska outer shelf are down AND because the U.S. dollar has been sliding into the toilet for several years.

And O'Bughole's policies are driving all of this. This was his stated goal, as well as his stated plan for acheiving it. The Cloward-Piven "Collapse the system under its own weight" strategy.

This is irrefutable, and the majority of the American public have caught on to it, thanks mainly to Palin and Beck.

;-\

10 posted on 03/17/2011 6:18:07 AM PDT by Gargantua (Palin ~ 2012... "Going Oval")
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