Domestic oil production overall in the U.S. is at its highest level in the past eight years, according to the Energy Department. But production on federal lands was down 14 percent year-over-year in 2011, and overall remains 13 percent lower than it was in 2003. Still, Obama – who has made renewable energy a hallmark of his administration — insisted he’s not backing away from drilling or searching for more oil. “You wouldn’t know it from listening to some of these folks running for office, but producing more oil here in our own country has been, and will continue to be, a key part of our energy strategy,” Obama said. “We’re drilling all over the place,” he said. "I you hear anybody on TV saying that somehow we are against drilling for oil, then you'll know that they either don't know what they are talking about or they are not telling you the truth," he said...
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3 comments:
What is the surprise? He can't even tell the truth about his own birth certificate.
People have called the the fast track pipeline from Cushing to the Gulf as a half pipeline for Canada's tar sands. No, it is a full pipeline for Wall Street. Cushing was the center for crude distribution back in the day, but now refinery capacity has shifted to the Gulf and Cushing's tank farms largely hold futures market oil. So, who benefits from getting that oil from storage to refineries faster?
"No, it is a full pipeline for Wall Street."
If you make the right investments then it's a pipeline for YOU. Wall Street doesn't operate in a vacuum.
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