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Page added on January 5, 2016
Gas, Oil Production Boomed During Obama Administration
The nation’s biggest fossil-fuel trade group delivered its annual state-of-the-industry report Tuesday. True to form, it included a whack at President Barack Obama’s policies — even though oil and gas have flourished on his watch. Bloomberg’s Jennifer Dloughy reports on “Bloomberg Markets.”
10 Comments on "Gas, Oil Production Boomed During Obama Administration"
makati1 on Tue, 5th Jan 2016 7:26 pm
“Gas, Oil Production Boomed During Obama Administration”
So did DEBT set new highs in every possible venue. A trillion dollars plus plus per year from the printing presses does NOT equate success. That is soon to be followed by new highs in other stats like bankruptcy, suicide, starvation, police state controls, servitude, unemployment, drug use, the destruction of society, etc.
rockman on Wed, 6th Jan 2016 1:53 pm
mak – Hey …if they want to give President Obama the credit for the surge in oil prices during his first 6 years in office who am I to disagree? lol
Boat on Wed, 6th Jan 2016 6:33 pm
Mak
Why do you forget the low interest rates that the printing press gave to home owners, car buyers and business. Much more money in my pocket instead of the banks. Best time to buy stuff ever. And if your an investor for decades the stock market is doing great.
Rock,
Politically Obama took a big hit with those high fuel prices. If they stay low at least a year after his exit and the economy keeps kicking after his term ends he will go down as a great president who saved the country after the Republican crash.
Boat on Wed, 6th Jan 2016 6:39 pm
Let’s not also forget the massive expansion of nat gas during his two terms and knocking coal back to a fading industry. The air thanks him.
He will also get credit for raising cafe standards which has lowered the amount of gasoline used per person considerably. All these moves were fought by Republicans.
Did I mention his efforts with renewables. Now even Republicans will vote for subsidies cause they know it is good for their states.
makati1 on Wed, 6th Jan 2016 7:37 pm
Boat, so you too were suckered into the game by bait and switch tactics? Buy ‘Stuff’? Wow your indoctrination is very thorough! Did you save any of it in that zero interest savings account? After all, it is not what you get, it is what you keep and what you think you have is not really yours. It all belongs to the bank if you owe them for it. Just ask the millions who have lost their homes lately.
Me, I never touched the stock market casino. I never play in a rigged game. Do you like the red numbers lately? I sleep well at night, not worried about waking up to poverty.
All you want to see it the positive. Did you ever look behind the curtain at realty and what is coming soon to people like you? I have. And I am glad I am not in your place.
Boat on Wed, 6th Jan 2016 8:03 pm
Mak,
You buy stuff, you have to to survive. Who is to say your bought stuff is any more or less needed than my stuff. You live in an opinionated world where only your shyt don’t stink. LOL It’s ok, see here in the US you can have an opinion even if it’s wrong. Sail on your next trip to the US, try to keep your carbon foot print small.
The money in the market is digital. After decades it is just a larger number. You call it what you want but so far my instincts have proven correct.
makati1 on Wed, 6th Jan 2016 9:14 pm
Boat, I buy necessities, and yes occasionally ‘stuff’. But mostly things needed or useful for survival. Most of my purchases are prep items, no junk. I am using an 8 year old PC and do not plan to buy another, ever. The internet has only a short future.
As for my flight to the US every year, it uses less than 1/2 the fuel I used to use annually when I lived in the Us and I only went to work and to take care of necessities. No long road trips or short hops to the local fast food joint. When my mom, who will be 90 this summer, passes, I will no longer travel to the US. No reason to. My friends and family can visit me here if they want to.
Money is mostly digital these days except cash, which is where I keep what I do not have invested in prep items. Yes, I have a bank account for the things that cannot be done any other way currently, but I have less than $100 in it 99% of the time.
Your “instincts” seem to be based on the lies you are fed daily. And past history, which is not the coming future. My advice is to get out of all stocks/investments, pay off any mortgages and loans ASAP and start prepping, if you haven’t. But you will not heed that advice, so…
makati1 on Wed, 6th Jan 2016 9:21 pm
BTW: My taxi miles here add up to less then 100 per year. I take the bus maybe 200 miles total annually. The rest of the time, I walk. My driving in the Us, when I visit, adds up to maybe another 300-400 miles. Less than 1,000 miles per year compared to the 20,000++ I needed to drive when I lived in the Us and was employed.
Boat on Wed, 6th Jan 2016 9:42 pm
Mak,
What good does paying off any debt if the crash happens. You will keep what you can defend or how much you can pack as you run to take somebody else property or goods. When the dams break and the nuke plants melt, there won’t be to many places to run anyways. I know a goat farmer if he hasn’t melted yet. Lol
makati1 on Wed, 6th Jan 2016 9:53 pm
Boat, before that happens there may be years of continued contraction that will destroy your ‘investments’ and ability to own that house you live in. You have no idea what freedom is until you have ZERO debt. Most Americans never experience total freedom ever because they designed it that way and then brainwashed you from birth that it was ‘normal’ to be in debt and to have to pay taxes on your income no matter where in the world you earned it.
I have no debt. I pay no taxes to the IRS as I have no taxable income. I pay sales taxes when I purchase something and that is it. No permit to own a car. No real estate taxes. I do have a US driver’s license that I renew every 4 years and that is my contribution to the state I lived in. I have set things up here so I will never owe anyone anything. I sleep well at night and smile when I see red on the market numbers because I know the end of the scam is that much closer.
Bring it on. The sooner it all collapses, the better for those who survive. My grand kids deserve a world they can live in and enjoy. Just not the one we inhabit now.