Vigilante
Diamond Member
- Banned
- #1,021
Fracking on private property exploded under Obamacrats, not repubtards, due to the removal of setback boundaries on "EcoPad drillers".And yet, prices in the U.S. were down some 46% since last Spring before bouncing back up in recent weeks.To deny decreasing consumption decreases prices is to deny the laws of economics. Even going with your figures of a 2% decrease over the last 5 years; that ignores the reality that there would not have been a decrease at all if not for Obama's policies. Again, the laws of supply and demand step in. I am in no way ignoring the impact of fracking in the U.S. or the impact of OPEC manipulating prices; which have had the greatest impact on prices. I am certain Obama's policies contributed to the drop. And the policy I mentioned is not the only one.Overall consumption in the US is down less than 2% over 5 years, Your light auto savings amounts to far less we you consider all the other vehicles on the road, including 18 wheelers, 4X4's, SUV's and on and on. Again with world consumption up overall, we can assume that the policy does nothing on the big picture of oil prices which are determined by OPEC and not Obama.
Obama to Open Offshore Areas to Oil Drilling for First Time
The U.S. has decreased consumption, the world, the arena that oil is sold on is up 5% overall. Prices to the U.S. will not decrease as long as world demand is up.
So much for your post.
Fracking on PRIVATE LAND tends to do that.....
And he DIDN'T open PUBLIC LAND to it....you damn fool, if anything he HELD IT BACK, just like he did with a pipeline that would employ 30,000 workers!