Loving those falling gas prices? Thank FRACKING.
It’s created a huge economic boom in the Dakotas. Environmentalists want you to believe it will poison your children and kill your ability to have children. In any case, fracking is revolutionizing the energy industry. It’s giving our economy a much needed boost. Many are seeing fracking as a way for us to slip out from under the heavy hand of the monopolistic oil sheiks of OPEC.
Here in the Carolinas, we are seeing gas prices drop back toward 2008-2009 levels. Barry Obama and his acolytes are trying hard to take credit for the drop in gas prices. People with sense are seeing something a little more logical — Middle East oil barons reducing the per-barrel price of oil to try and destabilize the upstart fracking industry.
Marketing 101 says that if you meet someone’s needs — at a lower price — you can steal them away from an existing provider by the droves. Competition forces a provider of a good or service to either (1) change their strategy to better deal with the newcomers or (2) take your marbles and go home. Western cash has been good to the sheiks. I don’t see them taking their marbles and going home. 
North Carolina state government leaders have approved rules for energy companies seeking to set up fracking operations in the state. Democrats have joined themselves at the hip with left-wing environmentalists to scare the hell out of Middle America about fracking. In November, they had great success with that routine in Lee County and Buncombe County — picking off some GOP state legislators and county commissioners. But even the NY Times sees these kinds of scare tactics as a problematic political strategy for its readership base.
Again, we are witnessing the beauty of the free market at work. Good things come from competition — or the threat thereof. Weak offerings fade away while others improve their offerings to better compete in the new environment. There’s a lesson here, people.
Fracking is a cover story for the market manipulation of oil by the Saudis to attack the Russians for attacking the petro dollar. Dont be deceived.
Gotta wonder how much the fall of oil and therefor gas prices are tied to the general, and in some cases, sharp drop in commodity prices.
Gas, silver, and gold all peaked in the spring of 2011. What happened then?
https://dl.dropboxusercontent.com/u/108366839/gas_silver_gold_obama.doc
The sad part is if Wallstreet can manipulate it will do so. Look at the damage done with the derivatives market from the banks that Wallstreet embraces. And they want the tax payers in this country to foot the bill for their bad policies. Go figure!!!
They don’t just ‘want’ it, they got it. The latest Citigroup-written disembowelment of Dodd-Frank will guarantee that we are on the hook to bail them out for causing the next Great Recession.
Democrats and Republicans teamed up to screw us on this one. Although, the only ones really screaming about it are people like Elizabeth Warren.
The Saudi Arabian Monarchy is not collapsing the price of oil to stop the US Fracking Industry. That is just a side effect.
The Saudi’s are terrified that the Iranians will get nuclear weapon and rocket capability from the Russians who can set them up in a very short period of time. After all, the Russians have had this capability for fifty years. Once that happens the Saudi’s will no longer be equal to Iran in the Middle East.
Remember the Saudi’s are Sunni and the Muslim leadership are Shia. They have not liked each other for centuries.
In 1973 when the Saudi’s took control of the world oil market because Texas was declining and the Saudi’s were flush with oil, Nixon and Kissinger made a deal with the Saudi’s.
If the Saudi’s would continue to trade oil in dollars (the Petrodollar) the United States would protect them militarily. That has gone on for forty years but, now Barry Soetoro has moved closer to Iran, including the Iranian Muslim Brotherhood, and the Saudi’s believe he cannot be trusted to live up to the military protection agreement. So the Saudi’s want to wreck havoc with the Russian economy and put pressure on the Iranians finances.
It would not be surprising to see the Saudi’s cozy up to Israel for military protection in the next several years. It appears as though their boy, Soetoro, has double crossed the Saudi Wahabists!