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We export refined product to other countries with lower environmental standards because it makes us more money than having to refine it more and use it domestically. Thanks Obama!
I'd also like to thank Obama for fracking since he's somehow responsible for this bounty.
LMAO @ the meme of thanking Obama for US oil production.
One of Obama's biggest failures is energy prices. He and the rest of the Left hate fracking and they want energy prices high so people would be enticed to switch over to solar, but the forces of technology are working in the opposite direction.
Not sure why Saudis want to drive the US oil producers out of business, I think in the long run it's in the best interest of the world to keep all the producers in business so there are no disruptions.
With the artificially low gas prices, the short sighted consumers are snapping up the gas guzzlers and driving demand higher.
It doesn't matter whether you believe in global warming but the extra smog can't be good for anybody.
John Kerry had a lot to do with lower gas prices. It puts a serious economic squeeze on Russia and limits their military adventurism in surrounding countries like Georgia and Ukraine, and it does it without triggering a confrontation with NATO. It's a smart move, and the US oil reserves will always be there.
The economy hasn't been stable for 10 years; we are still in a depression.
Some people are depressed, but the economy is rolling along nicely. If you haven't been moving up in your career, you have missed the boat for the last couple years. It's time to get moving before you get left behind. Unemployment is low and the job market is great.
Some people are depressed, but the economy is rolling along nicely. If you haven't been moving up in your career, you have missed the boat for the last couple years. It's time to get moving before you get left behind. Unemployment is low and the job market is great.
You really believe those unemployment numbers?
Become unemployed. Don't find a job in a specific period of time, and you're no longer counted.
Mind you, you're still unemployed, but you're no longer part of the numbers...
The REAL unemployment numbers are around 10% - even higher for some minorities - and that 10% is VERY conservative.
Real Unemployment Rate Formula Using Current Statistics
In June 2015, the real unemployment rate (U-6) was 10.5%, nearly double the widely-reported unemployment rate (U-3) of 5.3%. Here's how to calculate both:
Step 1. Calculate the official unemployment rate:
U-3 = 8.266 million unemployed workers / 157.106 million in the labor force = 5.3%.
Step 2. Add in marginally attached workers: There were 1.927 million people who were marginally attached to the labor force. Add this to both the number of unemployed and the labor force.
U-5 = 10.193 million / 159.033 million = 6.4%.
Step 3. Add in part-time workers: There were 6.325 million people who were working part-time because they couldn't get full-time work, although they'd prefer it. Add them to the unemployed, they're already in the labor force.
Gas prices are down, and they are about to fall even further -- perhaps to less than $2 a gallon.
"There will be thousands, even tens of thousands of stations below $2 by the time we're into football season," said Tom Kloza, chief oil analyst for the Oil Price Information Service, which tracks retail prices for AAA.
You really believe those unemployment numbers?
Become unemployed. Don't find a job in a specific period of time, and you're no longer counted.
Mind you, you're still unemployed, but you're no longer part of the numbers...
The REAL unemployment numbers are around 10% - even higher for some minorities - and that 10% is VERY conservative.
Real Unemployment Rate Formula Using Current Statistics
In June 2015, the real unemployment rate (U-6) was 10.5%, nearly double the widely-reported unemployment rate (U-3) of 5.3%. Here's how to calculate both:
Step 1. Calculate the official unemployment rate:
U-3 = 8.266 million unemployed workers / 157.106 million in the labor force = 5.3%.
Step 2. Add in marginally attached workers: There were 1.927 million people who were marginally attached to the labor force. Add this to both the number of unemployed and the labor force.
U-5 = 10.193 million / 159.033 million = 6.4%.
Step 3. Add in part-time workers: There were 6.325 million people who were working part-time because they couldn't get full-time work, although they'd prefer it. Add them to the unemployed, they're already in the labor force.
U-6 = 16.518 million / 159.033 million = 10.4%.
No matter how you look at it, the same process is being used for unemployment figures as it was years ago, so whatever real number we have now, you would have had an equivalent number years ago. The fact is that unemployment has dropped to a pretty decent figure. I look around me every day and see people back to work, earning decent or even great money, companies competing for workers, people feeling comfortable enough to spend money on new bigger houses, new cars, etc. The economy is rolling along nicely these days. Sure it's not perfect, there are pockets in this country where things are still bad, but overall things are looking much better than they did even a couple years ago.
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