Falling oil prices, the Iran deal, and Obama managing the decline of US
Do you remember when several of Obama's lackeys talked about managing the decline of the United States (and for that matter, Western civilization)?
Most of us remember what an odd deal the Obama administration made with the Iranians. Most people criticized the deal, but focused on the nuclear aspects. What most people didn't realize is that we also lifted economic sanctions on Iran, thereby increasing their GDP by 100-150 billion dollars per year. When is the lifting of those economic sanctions taking effect? TODAY. Is it any wonder that crude oil prices are going down precipitously?
What are the consequences of all this? A number of coal, shale-derived oil, shale-derived natural gas, biofuel, and solar energy companies (including those he propped up via cronyism) have either gone bankrupt or are about to do so, and the major oil companies have taken quite a hit. All of this is part of the management of the decline of the U.S.
Not coincidentally, a number of other countries are really taking a financial bath, too, as a result of Obama's meddling. Russia, Saudi Arabia, Libya, and a number of other Muslim countries are severely destabilized as a result of drastically lower oil prices. Some of these countries may actually be wanting to drive down oil prices to bankrupt competition, particularly from North Dakota. In 1982 plus or minus a year, the price of oil went from 50 dollars per barrel down to 8 to eliminate American competition, before coming back up gradually.
For those of you not personally involved with the energy business like I am, the net effect on you is lower energy costs, and therefore, significantly deflationary pressure overall. Many Gulchers, and most people in the U.S,. will like this outcome. But as for me, the Iran deal was consummated at MY expense!
Most of us remember what an odd deal the Obama administration made with the Iranians. Most people criticized the deal, but focused on the nuclear aspects. What most people didn't realize is that we also lifted economic sanctions on Iran, thereby increasing their GDP by 100-150 billion dollars per year. When is the lifting of those economic sanctions taking effect? TODAY. Is it any wonder that crude oil prices are going down precipitously?
What are the consequences of all this? A number of coal, shale-derived oil, shale-derived natural gas, biofuel, and solar energy companies (including those he propped up via cronyism) have either gone bankrupt or are about to do so, and the major oil companies have taken quite a hit. All of this is part of the management of the decline of the U.S.
Not coincidentally, a number of other countries are really taking a financial bath, too, as a result of Obama's meddling. Russia, Saudi Arabia, Libya, and a number of other Muslim countries are severely destabilized as a result of drastically lower oil prices. Some of these countries may actually be wanting to drive down oil prices to bankrupt competition, particularly from North Dakota. In 1982 plus or minus a year, the price of oil went from 50 dollars per barrel down to 8 to eliminate American competition, before coming back up gradually.
For those of you not personally involved with the energy business like I am, the net effect on you is lower energy costs, and therefore, significantly deflationary pressure overall. Many Gulchers, and most people in the U.S,. will like this outcome. But as for me, the Iran deal was consummated at MY expense!
I agree we need to remove political correctness but I'm not sure he will clean out DC. He sounds like he will run over anyone who gets in his way and the thing that concerns me the most is I have not once heard him say that he will fight to defend the Constitution. I believe the solution to most of our problems can be solved by someone the looks to the original intent of our Constitution and defends it as if their life depends on it.
's views are.
Trump says his mind, and will tell us if the emperor has no clothes. No political correctness there at all. We need that for 4 years to clean out washington.
As to what Trump can actually do, other than raise peoples' awareness of whats going on, is NOT a lot. He would hav to have congress in his pocket, which is unlikely. Cpngress will probably be divided along party lines, and if not- Congress is mostly socialist anyway.
That is the 24 million dollar question. All I can see from his history is someone who doesn't care who he steps on to get what he wants.
And Yes...American crude plays a role here also.
Interesting to note, (and it somewhat vets out) It has been revealed that some old wells have more oil in them after being played out years ago. There has been a discussion about how this happened. It might seem that oil is not the result of decaying fossils. Hot debate on both sides.
The "Arab Spring" is a winter of discontent.
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