Reply to thread

Message

<blockquote data-quote="The Other Side" data-source="post: 1438467" data-attributes="member: 17969">To the last point first, OBAMA has everything to do with production.&nbsp; He started cancelling off shore leases on oil companies who held the leases but were NOT using the leases.&nbsp;&nbsp; This &quot;use it or lose it&quot; methodology forced the oil companies to DRILL on those leases.You have to understand one point.&nbsp; PRODUCTION is what drives price.&nbsp; Reducing production and increasing demand while limiting supply is the key to manipulating oil trading price.This is the methodology of the Reagan era. This is nothing new.The saudis since 2011 have wanted oil capped at $70 bucks a barrel, and only AMERICAN OIL GREED has kept prices above those levels.To your first point, all the reason NOT to support oil industries lies about the XL pipeline.&nbsp; If the OIL companies cared about americans, they would do all they could to keep the price of a gallon of gas around 2 bucks, I think all americans would be cool with that, and allow them to make a great profit at the same time.But they dont think that way, they want to make BILLIONS now and they dont care if you have enough food on your table or a full tank of gas.Why you would support such and industry is something of a mystery.&nbsp; The Xl pipeline will do nothing for the american consumer.They LIED to the public when they promise lower prices if the XL pipeline went through, knowing all along that they would simply sell that oil to foreign countries.One has nothing to do with the other.AMERICAN GREED.&nbsp; The cancer that plagues this country.TOS.</blockquote>

[QUOTE="The Other Side, post: 1438467, member: 17969"] To the last point first, OBAMA has everything to do with production. He started cancelling off shore leases on oil companies who held the leases but were NOT using the leases. This "use it or lose it" methodology forced the oil companies to DRILL on those leases. You have to understand one point. PRODUCTION is what drives price. Reducing production and increasing demand while limiting supply is the key to manipulating oil trading price. This is the methodology of the Reagan era. This is nothing new. The saudis since 2011 have wanted oil capped at $70 bucks a barrel, and only AMERICAN OIL GREED has kept prices above those levels. To your first point, all the reason NOT to support oil industries lies about the XL pipeline. If the OIL companies cared about americans, they would do all they could to keep the price of a gallon of gas around 2 bucks, I think all americans would be cool with that, and allow them to make a great profit at the same time. But they dont think that way, they want to make BILLIONS now and they dont care if you have enough food on your table or a full tank of gas. Why you would support such and industry is something of a mystery. The Xl pipeline will do nothing for the american consumer. They LIED to the public when they promise lower prices if the XL pipeline went through, knowing all along that they would simply sell that oil to foreign countries. One has nothing to do with the other. AMERICAN GREED. The cancer that plagues this country. TOS. [/QUOTE]

Verification