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To: 4rcane

What does money printing have to do with keeping Federal lands off limits to oil exploration?


16 posted on 02/25/2012 6:44:08 PM PST by TigersEye (Life is about choices. Your choices. Make good ones.)
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To: TigersEye

More money in circulation means more money chasing limited supply of oil. Federal land off limit to oil exploration only effect future prices, but not current prices. It take years from exploration, development to supply. 3.5 years of Obama era is not nearly enough to effect the prices in a major way, maybe a little bit from speculation of diminishing supply for the future. Majority of the price movement is due to money printing and previous Bush/Clinton era of limiting supply


19 posted on 02/25/2012 7:21:12 PM PST by 4rcane
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