Obama as Messiah—Anointing Oil Included!

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Recent developments in the American petroleum sector have utterly exposed the rhetorical excesses of Obama, suggesting his speeches are designed towards supporting a certain ideology over known facts. During a period where Barack’s energy policy can be succinctly quoted as, “We can’t drill our way out,” huge advances are being made in stateside production, daily. In fact, America recently passed Saudi Arabia as the world’s #1 petroleum producer. Moreover, the EIA announced the US will be fully energy independent by the year 2035.

 

It seems as if Obama is against developing new sources of native oil, given his recurrent embargoing of the industry. There are said to be few direct statistical correlations in economics, but one certainly stands out. Charles C. Mann declares this in What If We Never Run Out of Oil?:

...a basic truth: economic growth and energy use have marched in lockstep for generations. Between 1900 and 2000, global energy consumption rose roughly 17-fold, the University of Manitoba environmental scientist Vaclav Smil has calculated, while economic output rose 16-fold—“as close a link as one may find in the unruly realm of economic affairs.” According to the National Bureau of Economic Research, the United States has experienced 11 recessions since the end of the Second World War. All but one were associated with spikes in energy costs—specifically, abrupt jumps in the price of oil.

http://canadafreepress.com/index.php/print-friendly/54794

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