Unfortunately there are a few people on the edges of the crowd who come forward with facts and notice that the emperor is less than fully clothed.
Crunching the Numbers on Oil Production
Who are you going to believe; the Messiah running for re-election or the American Petroleum Institute?
If particularly reassuring note in that item is this from Secretary of the Treasure TurboTax Tim Geithner:
Treasury Secretary Timothy Geithner and others are now talking about releasing oil from the strategic petroleum reserve.
Great, the President recognizes a link between supply and demand.Gerard (President of API) says it at least shows the administration recognizes that supply affects prices.
3 comments:
Obama and the Clown Posse in charge of fiscal and monetary policy would prefer to ignore that their policies have driven the dollar down almost 25% since in office. A declining dollar drives oil prices upward.
They also conveniently ignore how effective drilling and increasing the supply has dramatically affected the price of natural gas. Gas prices are the lowest in a decade or more.
Ed:
The obstacles, for a lack of better term, on the site now makes it harder to post. I cannot make out some of the squiggly words that one must type to prove he is not a bot. There are two now instead of one.
Authentication is not within my control. Sorry.
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