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"Oil prices are set by the global market," she said. "What is going on now is, global growth is slowing in key centers. The United States is slowing, [as is] Europe with its debt trouble, even India and China."
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
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Quote:
Originally Posted by michiganmoon
"Oil prices are set by the global market," she said. "What is going on now is, global growth is slowing in key centers. The United States is slowing, [as is] Europe with its debt trouble, even India and China."
Oil prices are dropping because US production is the highest it has been in 13 (yes before Bush!) years. We are producing nearly a million bbl per day more than when Obama took office. Add in the huge reduction in demand that came from his courageous raising of fuel economy standards for all those new Detroit cars out there because of his rescue of the auto industry. This guy is doing EVERYTHING right. Four more years!
Oil prices are dropping because US production is the highest it has been in 13 (yes before Bush!) years. We are producing nearly a million bbl per day more than when Obama took office. This guy is doing EVERYTHING right. Four more years!
Why is it the ignorant, always supports Obama?
The increase in production is happening on PRIVATE LANDS, has NOTHING to do with Obama..
Furthermore, we were told non stop that the price had nothing to do with the supply/demand when the prices skyrocketed, now you are flip flopping?
Oil prices are dropping because US production is the highest it has been in 13 (yes before Bush!) years. We are producing nearly a million bbl per day more than when Obama took office. Add in the huge reduction in demand that came from his courageous raising of fuel economy standards for all those new Detroit cars out there because of his rescue of the auto industry. This guy is doing EVERYTHING right. Four more years!
HAHAHAHAHA....wow....you are REALLY drinking the Obama kool-aid.
Have you really not heard any of the bad economic news recently out of the US, Europe, and even Asia? You're right, there's been a decrease in demand for oil, but for an entirely different reason than you're saying.
Furthermore, did you know that the permits for the increased drilling were approved by the Bush administration?
Oil prices are dropping because US production is the highest it has been in 13 (yes before Bush!) years. We are producing nearly a million bbl per day more than when Obama took office. This guy is doing EVERYTHING right. Four more years!
What did Obama do to increase current production?
He has reduced drilling on public land.
Private companies have increased production of their own volition on private property.
Obama has demonized oil companies that spend a lot of money getting better at what they do and replacing equipment -- all while the government makes more in taxes off of oil than the oil companies that take all the risk and spend most of their profits on dividends, replacing equipment, research and exploration.
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