Quote:
Originally Posted by OldDog
Nothing. My point was that his interests typically coincide with his environmentalist supporters, who wouldn't mind seeing US shale oil production decrease. Hence he -- and they -- wouldn't mind what the Saudis are doing. They might even welcome it.
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When you consider the top 10 oil producing countries account for 63% of the world's production and other than the 17% representing the US and Canada's share, it is split up among Russia, Saudi Arabia, China, Iran, UAE, Venezuela, Kuwait and Iraq with some of the above named countries funding terror groups like ISIS and Al-Qaeda. A reduction in price/profit has to be a net-good thing.
The country used 134.5 billion gallons of gasoline in 2013. A dollar a gallon in savings has to offset the jobs/money lost due to a reduction in domestic oil production. Especially when you consider how much U.S. money is going to the 8 countries mentioned above.
Despite the $3 billion payoff in U.S. taxpayer money given to these clowns by BO.
http://www.judicialwatch.org/blog/20...orist-nations/
12-03-2014, 11:58 AM
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