As this blog exclusively broke the story months ago, that oil prices per barrel were going to rise to 100 dollars per barrel, with the estimate at the time in crude which was in the mid 70 dollar range would rise to 80 to 100 dollars, the reality is in gouging, it will be the high end of 100 and not the low end of 80, as is noted by oil currently spiking at 87 dollars a drum.
Why should it not, when Obama has kept banking interest rates low so his massive debt borrowing will not cost his government anything, but will not pay people who save any reasonable use of their money.
.01 % interest is what banks are paying. That is not 1% but 1/100th of a percent which is ridiculous, but that is Obama rapine policy at work in his cronies are rewarded with trillions and Americans get pennies to die slowly on.
It is evident that "investors" are not in the crude oil market, but what we are seeing is on Monday, April 4th, Tim Geithner dumped a trillion dollars at least into the Stock Markets to give the illusion that the Obama economy is operating.
On April 5th, we now witness a massive spike in crude oil prices, which means that the money Geithner handed out to his Wall Street robber barons was laundered through the stock markets and these crooks of Obama finance are now dumping massive amounts of money into oil stocks knowing in this surge that oil will raise 13 dollars more on the projections per barrel.
Doing the arithmetic if one buys 87 billion dollars in crude stocks today, that by summer that investment will be 100 billion dollars, a profit of 13 billion dollars which Americans will be stuck paying for at the gas pumps.
This is Obama rapine finance at work.
Why should prices not rise? Obama has put off drilling in the Virginia oil tracts which President Bush had set to open in 2011. Obama is "exploring" other tracts when by amazing feat, the Chinese and Russians are drilling in the adjacent tracks in pumping oil.
To put it plainly, oil is proven there, but Obama to drag this out, waste time, implement his "green gouge" policy is allowing communist enemies to pump American oil while Obama's greatest enemy is getting safe SUV's off the road, so everyone can run around in sardine can Warren Buffett killer cars made in China.
One keeps oil prices low, but pumping oil. It will probably surprise people that in Los Angeles, the city, there are oil derricks pumping oil out of the tar pits, and there is deemed a one hundred year supply still there.
America has proven reserves in Utah as big as Saudi Arabia, Texas is awash with oil, the central plains into Montana are filled with massive deposits and if one adds up the Gull Island and various other sweet crude tracts in Alaska, the United States has more proven oil reserves than the entire world combined.
I have stated before that Alaskan crude is so pure that it refines itself. Unlike that horrid sulfur oil in Venezuela which Hugh Chavez is now using to buy 5 billion in Russian arms, is engaged in ICBM development for "space" and is initiating nuclear bomb production as Chavez with Putin's help desires to join the Iranian nuclear club.
America is funding this nonsense and dolts like Sean Penn are defending Comrade Chavez's murderous regime.
The answer to all of this rapine of Americans is drilling and pumping our own crude oil as this blog has stated. America should sell oil to Japan and England as our trading ports to engage them in economic balance of trade and then start returning the cash flow out of Asia, back into America.
That is real economic recovery, but Obama is only interested in rapine and degradation of the United States and impoverishing her people, so they will become government dependent and lose the ability to build their own futures.
America is at the abyss of changing from the noble people she once was, and turning into this effeminate race which England has been conditioned to become. There is no reason a loyal American leader would ever allow to happen what is being done to America, unless his allegiance was offshore to globalist interests.
America has more than enough resources, more than enough population and more than enough working Citizens to be as prosperous as our parents were, but this is all being thwarted.
Obama shuts off east coast oil drilling and the puppy press makes it appear that Obama is out pumping oil. The markets though show exactly what is behind all of this as Americans will be gouged to over 3 dollars a gallon for gasoline again as crude oil from terrorists and communist regimes is being purchased at 100 dollars a barrel.
How about investing in oil? Why sure we all should, so Obama can nail each of us in higher income taxes and dream up another windfall profits tax to legally steal all that investment back.
It is sweet and it is all crude in the rapine being assaulted upon Americans by Obama Inc.
agtG
Crude Obama
