Obama- Now he has restarted the Cold War with Russia by dabbling in Ukraine politics. Now time for another plush vacation.
Comments seem reasonable. Russia may join the Saudi quota system in a few months and the other OPEC production quota cheaters may fall into line. Then the price of oil will escalate. EOX is a buy at the current level.
Saudi are dampening Iran's adventures with the oil price/revenue plunge. Russia may need to reconsider a mutual cut in oil production according to a Saudi formula. Aggressive fracking investment will be down. OPEC members may be more open to mutual production cuts without much cheating. If the Saudi get the results they want, prices will probably firm up in June with an OPEC/Russian agreement and here comes $90+ oil.
China adding to their strategic oil reserves while Obama dabbles in numerous Mideast Muslim conflicts and domestic social issues. It would be nice if we had some planning other than the next Democratic fund raiser.
It looks like Obama dabbled in Ukraine politics ands then made some cheap threats about the Crimea to the Russians. It would have been nice if Obama would had looked at a map and realized the US is not in a position to be aggressive in this particular area of the world. The Crimea has been a part of Russia since 1783 except for a few short exceptions.
What if Putin decides to join OPEC and more small producers can be added? OPEC actions look like a type of economic war by the Saudi against Iran while using US shale producers as cover for their actions. There has to be a lot of plotting by Russia, Libya, Algeria, Nigeria, Venezuela, Iran and Iraq on how to counter the drop in oil prices.
Saudi are twisting Iran's arm by cutting oil prices with a goal of stopping Iran's nuclear weapons program. An added benefit to the Saudi is trying to delay projects such as Keystone XL and shale projects to keep the US dependent. Kerry and Obama are junior varsity in the energy and Mideast games. The Saudi and Russians have long range plans and we play with oil trains and domestic politics.
Saudi have the primary control over oil prices. Pushing the oil prices lower is a useful weapon against Iran since Iran needs much higher oil prices to support their economy and big military plans. The Saudi want to be the dominate power in that area. A side benefit for the Saudi is fighting for market share to stifle some of the shale drilling. Low oil prices are also tearing up high price producers like Venezuela.
To bad we don't have the Keystone pipeline to gulf ports. We are very ill prepared to help Europe. Germany is already hedging their bets and France is contracting to help Russia gas development. Obama is about six years behind in energy development. Must be time for another vacation.
Democrat elite and fat donors need money for estates and $multimillion vacations.
!% now have 21% of the wealth. New plantation system is coming back played with a racism sucker card. Hope And Change Turned Out To Be Chicago Style Working The System For The Democrat Elite And Big Donors.
Obama wants oil from Arab countries rather than additional oil from Canada and North Dakota. Obama does not care about the typical American who cannot afford higher fuel prices.
Nice that big donors have Obama in their pocket and can have sweetheart deals on oil transportation by rail.
Mile long oil trains slosh their way south. Why are accident prone oil trains so special?
Officer at Ralph H. Johnson VA Medical Center caught a worker refilling his soda and levied a $525 fine. Even Taco Bell lets you have a free refill. This just reflects the Administration's contempt for veterans and the common worker.
Since the news made the local paper, the fine has now been waived.
Secret Service is part of his entourage. Last year it was Secret Service sexual misconduct and in 2012 it was problems with prostitutes in Columbia. Entourage is defined as "people attending an important person." Who is in charge of this portion of his entourage?
One secret service agent was discovered drunk and unconscious in the hotel hallway before the nuclear summit.
Looks like we are already seeing results from Obama and Kerry dabbling in Ukraine/Crimea politics.