Bookmarked.
I am far, far more suspicious that the worldwide “oil price drop/oil over-production spike” the last 18 months was a “perfect storm” of several often-competing interests by the Obola administration.
Over-production/low oil prices destroy the Texas/North Dakota oil patch regions - which Oboma hates and fears.
Low oil prices spur the rest of the country’s economies in all of the other states, thus helping Obola get “an expanding” economy for his ABCNNBCBS press corpse to write about.
Low oil prices hurt Putin - which Obola doesn’t like, but he can afford to hurt somewhat since that reduces some pressure on Ukraine, which Obola at least needs to pretend to oppose.
Over-production by Iran (which lowers oil prices in general) hurts Putin also - so Iran doesn’t mind the poor Russian economy, since he threatens Iran. Again.
Over-production BY ISIS/ISIL-dominated areas in Syria and Iraq is the only way for them to fund their future fighting - but low oil prices reduce the money they get, so Iran doesn’t mind mind hurting their opponents in the region.
Low oil prices kill the Nigerian and Venezuelan economies, which Obola doesn’t like, but he can consider them expendable if Iran and Washington benefit.
Over-production BY ISIS/ISIL-dominated areas in Syria and Iraq
Production in those areas controlled by ISIS went down by more than half.
Iran production is down as well.
“Over-production/low oil prices destroy the Texas/North Dakota oil patch regions - which Oboma hates and fears.
Low oil prices spur the rest of the country’s economies in all of the other states, thus helping Obola get “an expanding” economy for his ABCNNBCBS press corpse to write about.”
Bingo!And also see my other posts on this thread . This is to get an expanding economy for the 2016 election to elect a democrat next year. the price of oil will rise after the 2016 presidential election.