As with Algore claiming credit for the Internet, Barry is claiming credit for anything that just happened to have happened on his watch ... that wasn’t Bush’s fault of course.
I’m amazed he even has the guts to say that. He did everything he could to strengthen OPEN, from reducing federal offshore leasing to stricter EPA controls. The American public is so dumb, he’s getting away with it.
A nation balancing its budget is a very different thing from a private company making a profit.
Saudi Arabia can pump oil for $10 a barrel, so of course they can make a profit. But they need $90 a barrel to cover the government budget, which is an entirely different metric.
No more gold toilets in their customized 747’s.
It’s not a stretch to say without US fracking our economy could have slid into a depression during the Obama era. As it was it was touch and go. Oil & gas production thanks to fracking was the only industry growing for a time...and leases saved many family farms. Then OPEC went to war and tried to collapse the price of oil to kill it. Lower energy prices helped other parts of our economy, the less profitable producers went under and the better capitalized bought their assets pennies on the dollar. We avoided trouble in the financial sector that had financed that early growth and waited out OPEC’s attack. We now are the world’s largest producer and as of last month essentially self sufficient. GOD BLESS THE HARD WORKING MEN AND WOMEN that produce our oil & gas.
Wait, I thought carbon was BAD, and building a fossil plant, especially a coal one, was going to bankrupt a person. Now he’s Mr. Oil?
We’re not the last major superpower for nothing.
Not thst we’re not on the decline, but we can still do things many other places cannot.
The icing on the cake— we are hurting our enemies Russia, Iran, Venezuela....
Here is a copy of the article that is not behind a paywall:
https://johnib.wordpress.com/2018/12/15/how-america-broke-opec/
Obama - The Democrats premier liar
There really ought to be an impressive statue erected on the Texas Capitol grounds of a roughneck on a drilling rig. Texas should celebrate the phenomenal success of our oil industry, and we certainly should make the point that Obama did everything he could to shut it down.
Drill, baby, drill.
Obama’s claim that HE IS responsible for America’s oil resurgence PROVES that he is a reprobate and a liar.