Thanks to their campaign contributions to Congress and the millions they spend on K Street lobbyists, the oilmen have made a sick joke of the leasing game.
What was largely overlooked or swept under the rug by the policy wonks in Washington in the latest trade figures, $29.7bn was made up of oil imports, an all time record.
There is far more oil around--and far more new supply coming into production--than we have been conditioned to believe.
Did the President or his staff read the post? Who knows. Let's just ascribe the similarity of positions to issues that are 'in the air'.
The higher the price of oil, the more money is available to fund Wahabbi clerics, Wahabbi mosques and social centers and Madrassas' all feeding into the culture of Al Qaeda and Muslim radicalism.