quote: but it is worth noting that GLOBAL demand for oil was just as consistent during that time frame so whether we look at US or Global consumption the facts remain unchanged.
quote: Brilliant point...except that OPEC's production has about 35 million barrels/day since 2005 up to now - in other words, you're wrong.
quote: Don't talk about facts, bro. You wouldn't know what a fact is if it smacked you in the face.http://www.eia.gov/electricity/annual/html/table7....
quote: Dead wrong:Dead wrong again:
quote: OPEC could raise the price even higher, but they want to keep it right at the point where the world gets off it at a snails pace.
quote: Your own link disproves your theory about Obama, because it's the same source data my link was from. Prices have dropped slightly since Bush's last year, which is actually a drop when inflation is taken into account.
quote: FWIW, I am anti-wind and anti-solar (at least beyond minimal construction to explore cost reductions in manufacturing). However, natural gas prices dropped with improvements in fracking, and much to the dismay of environmentalists Obama did nothing to stop its use. Natural gas moguls are the driving force behind wind adoption and coal regulations (which I support, but not for AGW reasons) because wind cannot grow without gas growth to fill in the gaps. It's too costly/damaging to ramp coal that fast, and nuclear is baseload only.