So then, now that oil is 76 dollars a barrel and dropping...
In the past on the OG, I kept arguing that our lack of domestic output was leaving us at the whims of OPEC. I blamed Obama's constant denial of new drilling permits as one of the reasons oil prices were over a hundred dollars a barrel.
All the classic OG obama white knights predictably came running to his defense, and all of you said,
Obama has NOTHING to do with oil prices. No president does. OPEC sets the oil prices and it has nothing to do with America's production output. Your so dumb.
Predictably, in the long run I was proven right (as usual). As our shale output has increased and that trend shows its momentum, OPEC prices have been dropping in response. They even started to panic and wanted to price-fix by cutting output. Instead, market reality kicked them in the balls and Saudi Arabia has just dropped their prices further, saying, "America's shale output has become too powerful to overlook."
They also hope to get prices below what would be profitable for shale producers in America. Either way, WE WIN.
Please explain yourselves and submit your apologies here.
And btw, approve the Keystone pipeline already you fucken dumbasses. We never had something so fucking good offered to us in the history of this country before.