With oil priced at just two-thirds of its highs set three years ago, President Barack Obama launched another on of his spend-now-pay-later programs. But this time, Obama has done it with something much harder to replace than than the green back, tax payer's, dollars. He is tapping into and spilling out the nation’s emergency crude oil reserves. Why is he doing this?
Just one year after Obama began stopping or limiting domestic oil exploration, he has begun siphoning and draining off America’s last energy holdings — the U.S. Strategic Oil Reserve. Thirty million barrels of oil have already been taken away by Obama, yet oil prices are now higher and supplies are tighter than they were before these precious emergency reserves were drained away. Is he doing this on purpose to bring about a downfall of the United States Economy? He is dismantling this country more all the time. He knows exactly what he is doing! The problem is most Americans do not know what he is doing.
Obama’s actions are so blatant, and done without even trying to hid it, that I refuse to give him the benefit of the doubt. Not only is the price of crude far lower than it was in the summer of 2008, but there is no physical shortage, there is no long lines at the gas pumps. It is just the opposite; oil inventories in June were close to historic highs. There can be no doubt, however, that they will decline. The President has choked off domestic offshore oil exploration and has refused to open up potential petroleum-rich regions like Alaska for onshore exploration and now is using this countries oil reserves. Why?
Does the President really believe we are in a crisis now? Or does he want to make things worse by throwing away our last line of defense, the US Strategic oil Reserves. This is just another screw that he is turning to dismantle our country.