Obama has reduced dependency on foregin oil

Of more import would be the question, would any Prez have done anything differently?
The first thing you have to do is make sure that Gulf drilling is safe enough so that the entire Gulf economy isn't threatened by a few extremists who want to drill no matter what.
It's not like there's an oil shortage. Oil, like money, is fungible. Just because it's drilled in the Gulf doesn't mean it's consumed in the US. It could be consumed anywhere, because.......


....... the oil market is global.

I can't believe I have to explain this on what is supposed to be a trader's site for exchanging actual tradeable info. Instead, we have certifiable morons posting bullshit for no reason other than their own political biases.

 

I think what he pointed out is brilliant. Look at it for a minute...

You have a pool of likely republican voters. Their support is distributed among the GOP primary candidates so when you stack up the support of an individual GOP primary candidate against Barrack Obama you see a pretty tight result, within the margin of polling error.

But when there is only one GOP candidate it is more likely that all of those GOP primary supporters would converge, congeal or coelesce behind that single GOP general election candidate than it is likely that they would vote democratic so the support should stack up very favorably against Obama.

See what he means? It is logical in the probability, random variable and stochastic processes sense.

 

You leftists never cease to amaze me how you're so willing to make up your reality as you go.


I'm confident there are far more than just "a few extremists" who want to drill in the gulf. In fact it's primarily extremists that don't want to drill.

 

What about the original post was bullshit?

 

Foreign oil dependency was going to inevitably rise because of the post-disaster moratorium on drilling, in the Gulf, something that has been done in the past by previous Presidents when a large spill occurred. Had Obama not done it he would have been justifiably roasted by his critics.
This was carefully omitted as a reason from your OP.
Now, did you or Mish or anyone else adjust for the moratorium? If you didn't your entire argument is invalid.

 

Where Obama has control over drilling, drilling is down. Where Obama can not control drilling, production is up.

http://www.realclearpolitics.com/articles/2012/03/02/the_energy_snob_113344.html


On federal lands, oil production declined 11 percent from 2010 to 2011, according to the pro-drilling Institute for Energy Research. On state and private lands, production increased 14 percent. Natural-gas production on federal lands dropped 27 percent from 2009, and increased 28 percent on state and private lands. The president took credit for a trend with which he had nothing to do and which he has tried to obstruct.Leases for onshore exploration under the Obama administration are down roughly 35 percent from the Bush administration and 70 percent from the Clinton administration. The Obama administration deigned to look at opening new offshore areas to exploration in 2010; then the BP oil spill hit, and the administration locked down again. When he wants to pose as pro-drilling, Obama essentially pretends that he’s the president of North Dakota.

If the sheiks who run OPEC prospected for new members in America’s heartland, they’d be trying to sign up the Peace Garden State. North Dakota’s oil production increased more than 50 percent during the past year, and tripled during the past five years. This has nothing to with the president. It is the work of old-fashioned ingenuity — innovations in hydraulic fracking and horizontal drilling that unlocked the Bakken formation — and the profit motive.

We should want to replicate North Dakotas everywhere we can. Yet we deny ourselves access to oil and gas off the Atlantic and Pacific coasts, off about half the Gulf Coast, and in and around Alaska. We could be sitting on as much as 1.4 trillion barrels of technically recoverable oil. That’s an enormous amount of wealth that we turn up our noses at. If nothing else, recovering our oil and gas would create thousands of the blue-collar jobs that Democrats — rightly — say we need more of.

And oil companies will pay the federal government for the privilege. Imagine if Solyndra had given the feds $500 million to build its solar-panel plant in California, rather than the other way around.

 

It is interesting the way Obama claims credit for policies implemented by George Bush and then in the next breath blames George Bush for the state our country is in.

Cheesy moral equivalency.

 

What's more interesting is that some people even believe him!!! And some of them even post right here on ET.

I've determined that most of them are unteachable and will forever be lost to critical thinking.

 

lol just seconds ago I used nearly the exact words to describe futurecurrents. Lack of critical thinking. Sort of a theme on the left isn't it?

 

Sheeple, all of them.