but but, but.... i thought the boy said it was to thwart oil speculators???It had NOTHING to do with lowering gas prices because anyone with one eye and a grain of sense would know that a temporary increase in supply will result in only a temporary reduction in prices. To PERMANENTLY reduce the prices, you have to PERMANENTLY increase the supply by drilling. And Obastard is NOT going to allow that.
That way, before a initiating a war against the US, they'll have the means to deplete our military fuel stockpile.
Epic Fail. It has yet to go back to the level it was when zero assumed office. and it won’t as long as the money supply is as large as it is.
The Goal of the Impostor-by-Trick-and-Perjury
was to eliminate the Reserve which protects America.
Uh...no the release also took place in 27 other countries not controlled by OPEC.
The release came just before the press release today that the Sudanese have invaded Libya. There is a crisis, a real crisis, brewing besides tea at home.
Ladies and gentlemen, the Poserdent of the United States.
No, he’s playing politics.
No, it's a complete lack of comprehension of the basics of economics and the marketplace.
As the economy continues to soften and we head into the next recession, prices should continue to fall.
Obama...”Yak, yak, yak, blah, blah, blah, bloviate, blather...I think they’re tired of talk...yak, blah, blah, bloviate, gas, gas, etc, etc.”
1. This is the administration with a publicly stated objective to "boost the price of gasoline to the levels in Europe."
2. This is the administration that cancelled existing leases on millions of acres of federal land and banned development in vast amounts of reserves both on and off-shore.
3. This is the administration that was ordered by a federal court to lift an ill-conceived moratorium on drilling in the gulf, and then was found in contempt with a "determined disregard" of the court's ruling to start issuing permits.
4. This is the administration that turned "a regulatory firehose" on US business and the energy industry in particular with 29 new major regulations and 172 major policy rules finalized or proposed in its first 22 months.
5. This is the administration who lied to congress in March, 2011 by claiming production in the gulf "remained at an all-time high, and we expect that it will continue." However the Government's own Energy Information Agency had already reported a decline of 300,000 bpd in the first year following the administration's gulf moratorium fiasco and projected a total decline in production of 35% by late summer, 2012.
6. This is the administration whose policies have caused revenues from onshore oil and gas leasing in Colorado, Montana, New Mexico, Utah and Wyoming to plunge more than 80%, and total acreage leased to shrink to the lowest level ever.
7. This is the administration that Steve Forbes correctly labeled as having the "most anti-oil and gas record in U.S. history."
8. This is the administration that promised that energy cost would "skyrocket" under their plan of onerous regulation.
but but, but.... i thought the boy said it was to thwart oil speculators???It’s the only thing in his life he’s mastered.