$100 Oil - " Energy Indepence " is awesome isn't it......
They allow American companies to drill at a fast and furious pace on taxpayer owned land, then the very same Oil companies that are drilling to help America be " Energy Independent " , turn right around and sell that very same oil meant for America, to overseas and Canada......This is some great scam Mr. Obama worked out to help us all huh ....Now all that free QE $ are being funneled to drive oil prices up even higher, inspite of less demand, Inventories at 85 year highs, and production at 15 year highs ....Thank You Obama, nice way to help stimulate the economy . Just what we need , $4-$5 gasoline at a time when $85 billion a month is needed to " stimulate " the economy ...Bunch of total morons running this country, unreal.....We are now drilling more oil, just to turn around and resell it to other countries, not help Americans out !
Stillen, apparently you haven't heard the govvy's new talking point.
Here it is straight from zedoledo's, I mean,Tylerdurdan's, mouth;
"""tydurban • 12 hours ago
Energy independence and that debt turns into a surplus in under 5 years. You will see energy independence by 2018. """
So, after being told by 8 presidents spanning over 40 years that an "energy independent" nation
was our goal.Now that it is near upon us,with NO relief to the average citizen WHATSOEVER from it,
apparently, the new sc a m will be that ,somehow in magical mystery land,this energy independence
will also ELIMINATE the $17 Trillion and counting deficit turning it into a SURPLUS.!!!
Yep. You heard it here.Straight from the govvy's mouthpiece.
"turn right around and sell that very same oil meant for America, to overseas and Canada"
Oil is fungible. It can't be "meant for America" or any place. The global market price is what it is. That whole "energy independence" slogan was just a political con job. Like it or not, we have a global economy.
Oil from Alaska used to be sold to Japan. And when I was 16 years old, the standard grade of gasoline was $1.50 to $1.65 per gallon, in Juneau, AK. That was in 1980, and Alaska still has some of the highest gasoline prices in the USA, as does CA, and most likely HI.
What's odd is: CA and AK are both oil producing states.