Quote:
Originally Posted by Blakesdad
Your gonna blame this on O Bama ??
Please, tell the class, how so ????
Oh I know.. Obama wasn;t born here, he's from Egypt OR Libya.. No birth certificate.... He caused the uprisings with a secret communique and has the whole middle east in an uproar...
Silly me... What was I thinking ????  |
Well, not bashing the guy at all, but so far he hasn't done anything except let the free market do its thing. I'm all about capitalism, so I have no beef with that.
Anything Big O does will only be a temporary patch to placate the masses anyway. Release some of our strategic reserves? Might knock 10 cents off the price in a little while. The fact is, we're so dependent on foreign oil that there's very little that this, or any administration could do EXCEPT for getting the oil we already have in our own country.
I read today that we have a minimum of 200 year supply located from Canada down through the Dakotas, and some people are estimating it could be as much as a 2,000 year supply.
I'm no geologist, so I don't have a clue about the accuaracy of that...seems an awfully big variance.
But I don't foresee our current administration putting anything in motion to harvest that light sweet crude. The wheels need to be turning in high gear right now in order to make a difference years from now.
So while there's nothing President Obama could really do about the current prices, he can do something about future prices.