There just isn't that much oil left to discover here. Even if there were decades' worth of oil in the ANWR, if the Democrats decided a year and a half ago to start work in there immediately, it would be at least five years, if ever, before it would have any impact on pricing at all. So that's not it.
Clinton vetoed drilling in ANWR in 1996. Did you know that? You statement of "isn't that much oil left" is debatable with 85% of our coastal waters off limits to exploration. China is going after the oil off of Cuba, could that infer anything?
courierpress.com
What newscasts are you watching?
I watched the 1992 election and I am watching a repeat of it today. How many times have you already heard "it's worse now than the Great Depression"?
Using the popular factcheck.org:
factcheck.org
I'm doing the best I ever have, my neighbors are doing great. I bet you are doing better than you ever had and even the people you work with.
Apparently you don't remember the Carter presidency, I lived through it.
en.wikipedia.org
During Carter's administration, the economy suffered double-digit inflation, coupled with very high interest rates, oil shortages, high unemployment and slow economic growth. Productivity growth in the United States had declined to an average annual rate of 1 percent, compared to 3.2 percent of the 1960s. There was also a growing federal budget deficit which increased to 66 billion dollars.
The 1970s are described as a period of stagflation, meaning economic stagnation coupled with price inflation, as well as higher interest rates. Price inflation (a rise in the general level of prices) creates uncertainty in budgeting and planning and makes labor strikes for pay raises more likely.
The Egypt-Israel peace agreement was Carter's finest hour.
The "misery index" became widely known during Carter's administration. Carter continues to hold the record.
miseryindex.us |
