Just paid 1.93 for a gallon of gas, Thank you FRACKERS!

[westwall]

Yup, thanks to the frackers out there the commodities traders and Saudis have been forced to lower the price of oil in an effort to drive them out of business.

 

[aaronleland]

Fracking frackers!

 

[aaronleland]

I'm pretty sure Obama deserves credit for this. What can't this man do? Bravo, Obama!

 

[Porker]

I'm pretty sure Obama deserves credit for this. What can't this man do? Bravo, Obama!

What took him so long? What was wrong with Jan. 2009?

 

[Statistikhengst]

Dammnit, that soshulist wuz supposed to ruin the country!!

 

[aaronleland]

I'm pretty sure Obama deserves credit for this. What can't this man do? Bravo, Obama!

What took him so long? What was wrong with Jan. 2009?

It's not like he's God. He's close to it, but not quite.

 

[rightwinger]

Obamagas keeps going down in price

Can our president get it below $1 ????.

 

[Statistikhengst]

I'm pretty sure Obama deserves credit for this. What can't this man do? Bravo, Obama!

What took him so long? What was wrong with Jan. 2009?

It's not like he's God. He's close to it, but not quite.

He once walked on the water.

Next day, in WAPO: the potus can't swim.

 

[rightwinger]

Gas has gone down$1 a gallon because Obama killed Keystone

 

[Statistikhengst]

Gas has gone down$1 a gallon because Obama killed Keystone

With his bare hands?

 

[rightwinger]

Just think

If we had elected a Republican we would be paying $2.50 a gallon

Won't be long before they are giving Obamagas away

 

[deltex1]

I just filled up for 1.79....of course I live in Texas....

 

[deltex1]

Just think

If we had elected a Republican we would be paying $2.50 a gallon

Won't be long before they are giving Obamagas away

The only gas Obabble produces is when he is at the teleprompter.

 

[aaronleland]

Gas has gone down$1 a gallon because Obama killed Keystone

With his bare hands?

He was just like Hercules, strangling Keystone to death.

 

[Statistikhengst]

Just think

If we had elected a Republican we would be paying $2.50 a gallon

Won't be long before they are giving Obamagas away

Didn't Newt "Moonbase" Gingrich say that if Obama were to be re-elected, that gas would be $10.00 per gallon by the end of his second term???

 

[Statistikhengst]

Gas has gone down$1 a gallon because Obama killed Keystone

With his bare hands?

He was just like Hercules, strangling Keystone to death.

Damn, that is just epic. I am feeling the intensity.

 

[Shrimpbox]

Yup, thanks to the frackers out there the commodities traders and Saudis have been forced to lower the price of oil in an effort to drive them out of business.

Your avatar is one of the best cartoons on the subject west, great pick

 

[Porker]

Obamagas keeps going down in price

Can our president get it below $1 ????.

Why Oil Is Plunging The Other Part Of The Secret Deal Between The US And Saudi Arabia Zero Hedge

This was mid-October...

Why Oil Is Plunging: The Other Part Of The "Secret Deal" Between The US And Saudi Arabia


Submitted by Tyler Durden on 10/11/2014 18:19 -0400

Two weeks ago, we revealed one part of the "Secret Deal" between the US and Saudi Arabia: namely what the US 'brought to the table' as part of its grand alliance strategy in the middle east, which proudly revealed Saudi Arabia to be "aligned" with the US against ISIS, when in reality John Kerry was merely doing Saudi Arabia's will when the WSJ reported that "the process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority."



What was not clear is what was the other part: what did the Saudis bring to the table, or said otherwise, how exactly it was that Saudi Arabia would compensate the US for bombing the Assad infrastructure until the hated Syrian leader was toppled, creating a power vacuum in his wake that would allow Syria, Qatar, Jordan and/or Turkey to divide the spoils of war as they saw fit.

A glimpse of the answer was provided earlier in the article "The Oil Weapon: A New Way To Wage War", because at the end of the day it is always about oil, and leverage.

The full answer comes courtesy of Anadolu Agency, which explains not only the big picture involving Saudi Arabia and its biggest asset, oil, but also the latest fracturing of OPEC at the behest of Saudi Arabia...



... which however is merely using "the oil weapon" to target the old slash new Cold War foe #1: Vladimir Putin.

To wit:



Saudi Arabia to pressure Russia, Iran with price of oil



Saudi Arabia will force the price of oil down, in an effort to put political pressure on Iran and Russia, according to the President of Saudi Arabia Oil Policies and Strategic Expectations Center.



Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.



To pressure Iran to limit its nuclear program, and to change Russia's position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy.



With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added.



The Organization of the Petroleum Exporting Countries, which is the technical arbiter of the price of oil for Saudi Arabia and the 11 other countries that make up the group, won't be able to affect Saudi Arabia's decision, Abanmy maintained.



The organization's decisions are only recommendations and are not binding for the member oil producing countries, he explained.

Today's Brent closing price: $90. Russia's oil price budget for the period 2015-2017? $100. Which means much more "forced Brent liquidation" is in the cards in the coming weeks as America's suddenly once again very strategic ally, Saudi Arabia, does everything in its power to break Putin.

 

[Mr. H.]

Just think

If we had elected a Republican we would be paying $2.50 a gallon

Won't be long before they are giving Obamagas away

If we elected a Republican, there wouldn't be a proposed budget with $40 billion in new taxes on the oil and gas industries.
The eastern Gulf of Mexico would be opened to exploration, as would the Atlantic and Pacific outer-continental shelves.
Keystone XL would have been built three years ago. The EPA wouldn't be hound-dogging the coal industry to extinction.
The Endangered Species Act wouldn't be the cluster-fuck that it has become.
Etc. Etc. Etc...

 

[Statistikhengst]

Obamagas keeps going down in price

Can our president get it below $1 ????.

Why Oil Is Plunging The Other Part Of The Secret Deal Between The US And Saudi Arabia Zero Hedge

This was mid-October...

Why Oil Is Plunging: The Other Part Of The "Secret Deal" Between The US And Saudi Arabia


Submitted by Tyler Durden on 10/11/2014 18:19 -0400

Two weeks ago, we revealed one part of the "Secret Deal" between the US and Saudi Arabia: namely what the US 'brought to the table' as part of its grand alliance strategy in the middle east, which proudly revealed Saudi Arabia to be "aligned" with the US against ISIS, when in reality John Kerry was merely doing Saudi Arabia's will when the WSJ reported that "the process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority."



What was not clear is what was the other part: what did the Saudis bring to the table, or said otherwise, how exactly it was that Saudi Arabia would compensate the US for bombing the Assad infrastructure until the hated Syrian leader was toppled, creating a power vacuum in his wake that would allow Syria, Qatar, Jordan and/or Turkey to divide the spoils of war as they saw fit.

A glimpse of the answer was provided earlier in the article "The Oil Weapon: A New Way To Wage War", because at the end of the day it is always about oil, and leverage.

The full answer comes courtesy of Anadolu Agency, which explains not only the big picture involving Saudi Arabia and its biggest asset, oil, but also the latest fracturing of OPEC at the behest of Saudi Arabia...



... which however is merely using "the oil weapon" to target the old slash new Cold War foe #1: Vladimir Putin.

To wit:



Saudi Arabia to pressure Russia, Iran with price of oil



Saudi Arabia will force the price of oil down, in an effort to put political pressure on Iran and Russia, according to the President of Saudi Arabia Oil Policies and Strategic Expectations Center.



Saudi Arabia plans to sell oil cheap for political reasons, one analyst says.



To pressure Iran to limit its nuclear program, and to change Russia's position on Syria, Riyadh will sell oil below the average spot price at $50 to $60 per barrel in the Asian markets and North America, says Rashid Abanmy, President of the Riyadh-based Saudi Arabia Oil Policies and Strategic Expectations Center. The marked decrease in the price of oil in the last three months, to $92 from $115 per barrel, was caused by Saudi Arabia, according to Abanmy.



With oil demand declining, the ostensible reason for the price drop is to attract new clients, Abanmy said, but the real reason is political. Saudi Arabia wants to get Iran to limit its nuclear energy expansion, and to make Russia change its position of support for the Assad Regime in Syria. Both countries depend heavily on petroleum exports for revenue, and a lower oil price means less money coming in, Abanmy pointed out. The Gulf states will be less affected by the price drop, he added.



The Organization of the Petroleum Exporting Countries, which is the technical arbiter of the price of oil for Saudi Arabia and the 11 other countries that make up the group, won't be able to affect Saudi Arabia's decision, Abanmy maintained.



The organization's decisions are only recommendations and are not binding for the member oil producing countries, he explained.

Today's Brent closing price: $90. Russia's oil price budget for the period 2015-2017? $100. Which means much more "forced Brent liquidation" is in the cards in the coming weeks as America's suddenly once again very strategic ally, Saudi Arabia, does everything in its power to break Putin.

It's a conspiracy!!! The free-market has nothing to do with it. Benghazi, AAAAAHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHHH!!!!!!!!!!!

lol...