“Drill, Baby, Drill!” Sarah Palin Vindicated Again!

Barack Obama shows how Sarah Palin understood reality better than he does. In 2012, candidate and President Barack Obama decided to argue against the Republicans on energy. As the Daily Caller reports: it was just two years ago that President Obama said “we can’t just drill our way to lower gas prices” in a speech bashing Republican calls for more drilling. “Last week, the lead of one news story said, ‘Gasoline prices are on the rise, and Republicans are licking their chops,’” Obama Read more […]

The Triumph of the Consumer in the Falling Oil Prices

The news that oil prices are going down for quite some time is being reported as a gamble by the Saudis, who are supposed to have had a heavy influence on OPEC’s decision not to stop production. As Ambrose Evans-Pritchard writes in the Telegraph, “Saudis risk playing with fire in shale-price showdown as crude crashes.” Saudi Arabia and the core OPEC states are taking an immense political gamble by letting crude oil prices crash to $66 a barrel, if their aim is to shake out the weakest Read more […]