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What took him so long? What was wrong with Jan. 2009?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?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?I'm pretty sure Obama deserves credit for this. What can't this man do? Bravo, Obama!
It's not like he's God. He's close to it, but not quite.
Gas has gone down$1 a gallon because Obama killed Keystone
The only gas Obabble produces is when he is at the teleprompter.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
Gas has gone down$1 a gallon because Obama killed Keystone
With his bare hands?
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
Gas has gone down$1 a gallon because Obama killed Keystone
With his bare hands?
He was just like Hercules, strangling Keystone to death.
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.
Obamagas keeps going down in price
Can our president get it below $1 ????.
If we elected a Republican, there wouldn't be a proposed budget with $40 billion in new taxes on the oil and gas industries.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
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.