Obama administration: No new drilling permits, but we’ll tap into our oil reserve
Does this seem as crazy to you as it does to me? At the same time the Obama administration is fighting to prevent any new drilling for oil, it is also now considering tapping our strategic oil reserve to get more oil into the market.
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Does this seem as crazy to you as it does to me? At the same time the Obama administration is fighting to prevent any new drilling for oil, it is also now considering tapping our strategic oil reserve to get more oil into the market.
Readers!
My annual February birthday fund-raising drive for Behind the Black is now over. Thank you to everyone who donated or subscribed. While not a record-setter, the donations were more than sufficient and slightly above average.
As I have said many times before, I can’t express what it means to me to get such support, especially as no one is required to pay anything to read my work. Thank you all again!
For those readers who like my work here at Behind the Black and haven't contributed so far, please consider donating or subscribing. My analysis of space, politics, and culture, taken from the perspective of an historian, is almost always on the money and ahead of the game. For example, in 2020 I correctly predicted that the COVID panic was unnecessary, that the virus was apparently simply a variation of the flu, that masks were not simply pointless but if worn incorrectly were a health threat, that the lockdowns were a disaster and did nothing to stop the spread of COVID. Every one of those 2020 conclusions has turned out right.
Your help allows me to do this kind of intelligent analysis. I take no advertising or sponsors, so my reporting isn't influenced by donations by established space or drug companies. Instead, I rely entirely on donations and subscriptions from my readers, which gives me the freedom to write what I think, unencumbered by outside influences.
You can support me either by giving a one-time contribution or a regular subscription. There are four ways of doing so:
1. Zelle: This is the only internet method that charges no fees. All you have to do is use the Zelle link at your internet bank and give my name and email address (zimmerman at nasw dot org). What you donate is what I get.
2. Patreon: Go to my website there and pick one of five monthly subscription amounts, or by making a one-time donation.
3. A Paypal Donation or subscription:
4. Donate by check, payable to Robert Zimmerman and mailed to
Behind The Black
c/o Robert Zimmerman
P.O.Box 1262
Cortaro, AZ 85652
You can also support me by buying one of my books, as noted in the boxes interspersed throughout the webpage or shown in the menu above.
They need to dump oil on the market to quiet folks demands to expand drilling. If the gasoling prices go up to high, folks will force congress to force through expanding US opil production. Doing that would greatly lower prices, adn lower fears of the US runing out of oil. Obama needs those fears and costs (at least as high as now – though he said long term he wants far higher gasoline prices) to push through his green energy changes.
Given the high economic costs, and impacts to the US economy and competativness, unless there a oil disaster – he’ld never get the political leverage for his green initiatives. So a internation disaster forcing us to tap and drain the reseves works for him. It drains our reserves and he still avoids suply increases.