Obamagas to drop below $2 a gallon nationwide

If you love low oil prices you can thank fracking.

.

No, we can thank President Obama

The President is responsible for gas prices

Thanks for the insight. This is big news - Obama loves fracking.

.
So does Hillary Clinton.

Hillary used to hang out with Saul Alinsky to discuss his views on fracking

Does Bill know about Hillary and this guy Saul? Wow you guys are really in the know.

.
 
If you love low oil prices you can thank fracking.

.
There's not been much fracking going on the past year. It costs more to frack than they are reaping.

Now, reaping, OTOH, is a growth industry!

479500640_640.jpg
 
I never knew Obama was an active supporter of fracking. Fracking in the US has been an important factor in driving down the price of oil:

"The problem for the Saudis is that US shale frackers are not high-cost."

Saudi Arabia may go broke before the US oil industry buckles

"“For the next 50 years, we can expect to reap the benefits of the shale revolution,” Hamm said one day this spring. “It’s the biggest thing that ever happened to America.”"


"On one side are Hamm, a famous wildcatter, and other American oilmen who rode the discovery of hydraulic fracturing to tens of billions of dollars of wealth and a promise of, in Hamm’s words, ending the “disastrous” days of Saudi Arabian control. On the other are the Saudis and their allies in the Organisation of the Petroleum Exporting Countries (Opec), which are trying to stem rising US oil power and maintain their 40 years of dominance."

How plunging oil prices have created a volatile new force in the global economy

"The U.S. boom has been driven by “tight oil” — what many people call shale oil — which is produced by fracking and is more responsive to market conditions than oil developed through traditional drilling."

Why we get oil prices wrong

"Prices are down because of a combination of reduced demand and dramatically increased supply, created to an extent by the hydraulic fracturing revolution known as fracking."

OPEC bets against U.S. fracking: Column

You can thank fracking because Obama had nothing to do with low oil prices.

.

Dear Repubtard: - Fracking only exploded in the USA after August 6, 2009 when regulators lifted drilling setbacks boundaries for Environmentally Friendly EcoPad Drilling. This reduced the cost of oil fracking by over $15/barrel setting of our oil fracking boom. This was 7 months into Obama's administration.

Under Obama's administration, Environmentally Cleaner oil sands extraction regulations lowered oil production cost to $25/barrel from Utah oil sands.

Republican Presidents Nixon, Ford, Reagan, Bush 1 & Bush 2 destroyed US oil production. Read it & weep! US oil production only increased under Democrats Carter & Obama administrations.

20334768541_564b13e43e_b.jpg
 
Last edited:
I never knew Obama was an active supporter of fracking. Fracking in the US has been an important factor in driving down the price of oil:

"The problem for the Saudis is that US shale frackers are not high-cost."

Saudi Arabia may go broke before the US oil industry buckles

"“For the next 50 years, we can expect to reap the benefits of the shale revolution,” Hamm said one day this spring. “It’s the biggest thing that ever happened to America.”"


"On one side are Hamm, a famous wildcatter, and other American oilmen who rode the discovery of hydraulic fracturing to tens of billions of dollars of wealth and a promise of, in Hamm’s words, ending the “disastrous” days of Saudi Arabian control. On the other are the Saudis and their allies in the Organisation of the Petroleum Exporting Countries (Opec), which are trying to stem rising US oil power and maintain their 40 years of dominance."

How plunging oil prices have created a volatile new force in the global economy

"The U.S. boom has been driven by “tight oil” — what many people call shale oil — which is produced by fracking and is more responsive to market conditions than oil developed through traditional drilling."

Why we get oil prices wrong

"Prices are down because of a combination of reduced demand and dramatically increased supply, created to an extent by the hydraulic fracturing revolution known as fracking."

OPEC bets against U.S. fracking: Column

You can thank fracking because Obama had nothing to do with low oil prices.

.

Dear Repubtard: - Fracking only exploded in the USA after August 6, 2009 when regulators lifted drilling setbacks boundaries for Environmentally Friendly EcoPad Drilling. This reduced the cost of oil fracking by over $15/barrel setting of our oil fracking boom. This was 7 months into Obama's administration.

Under Obama's administration, Environmentally Cleaner oil sands extraction regulations lowered oil production cost to $25/barrel from Utah oil sands.

Republican Presidents Nixon, Ford, Reagan, Bush 1 & Bush 2 destroyed US oil production. Read it & weep! US oil production only increased under Democrats Carter & Obama administrations.

20334768541_564b13e43e_b.jpg

So thats where Obamagas comes from?
 
Iranian Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions are lifted, which officials expect to happen in early 2016!

"Our exports will be doubled within a short period of time after the sanctions are lifted," Zanganeh said.

"We have no worries about selling the 500,000. God willing it will be realized. And I should not be concerned about price, others should be," he said, referring to other oil exporters.

"Under no circumstances will Iran concede its market share to others. We don't seek permission from anyone to use our rights."
 
Iranian Oil Minister Bijan Zanganeh told reporters Iran plans to double its crude oil exports as sanctions are lifted, which officials expect to happen in early 2016!

"Our exports will be doubled within a short period of time after the sanctions are lifted," Zanganeh said.

"We have no worries about selling the 500,000. God willing it will be realized. And I should not be concerned about price, others should be," he said, referring to other oil exporters.

"Under no circumstances will Iran concede its market share to others. We don't seek permission from anyone to use our rights."

Could it be...$1 a gallon Obamagas?
 

Forum List

Back
Top