leftwinger
Diamond Member
- Sep 13, 2015
- 19,461
- 11,003
You clearly do NOT have a clue:Trump's cabinet, Generals and CEO's.
The military/industrial complex formally takes over the US government.
The Obama cheap gasoline days are coming to an end. Oil men and War Mongers will get it back to the $4 / gal that the Bush War Monkey Boy got to in 2008.
You give the president too much credit, one way or the other.
Like Barack is the reason gas prices are so low. Yeah, he's the genius behind it.
Kind of makes you look stupid for blaming him when prices were higher.
The reason prices were high was because of OPEC gouging and we weren't producing the amount of oil we need. One of the reasons prices stayed high was because Bill Clinton and Obama stifled oil exploration, and in Obama's case , shut down producing wells offshore and canceled drilling leases.
Did you not notice that prices went down for two reasons? First and foremost, were the huge oil deposit on private land (that Obama had no control over and couldn't stop) that, second, put the fear of God in OPEC.
The same thing happened after Carter's oil crisis. The U.S. started producing more, so OPEC lowered their prices in order to keep their market share.
It's not rocket surgery.
U.S. Field Production of Crude Oil (Thousand Barrels per Day)
We've had a sharpest and longest lasting increase in US crude oil production under Obama than under any US president EVER.
And, that has come in the face of stupendous increases in gas production - a cheaper and cleaner fuel type.
AND, OPEC wasn't "gouging" - they were moderating the volume they were producing. That does have an affect on price, but it is not gouging. And, for years now OPEC has had significantly limited ability to control volume for several reasons.
Also, remember that oil companies have always had vast areas where they could drill when they wanted to.
Correct. US oil production near all time high. Drill down (no pun) into your data shows "all increase" is on private lands. Frackers "flyover rubes" in ND TX OK ramped up when it was needed ( American enginuity ). Obama and goons were unable to stop it thus far. Hip hip hooray. A win for common man.