Midknight Review -- new and revised: Will Obama actually drill in Alaska? The "futures" investors say, "Heck no !!!"

This is more significant that you might first imagine: "Crude futures rose Thursday but prices traded in a narrow range as the market continued to mull over the latest set of U.S. Department of Energy inventory data" (source: WSJ).

And the significance is? Last Friday, May 13, Obama announced that he planned to open up drilling in Alaska. In 2008, on a Friday in mid-July, president Bush announced off-shore drilling plans (which never materialized, btw), and the price of oil began a steady 6 month downward trend.

Obama attempted the same strategy, in an effort to drive "futures investors" into hiding. We suggested that if these investors decided to believe Obama's "Alaska threat," the price of oil would begin another downward trend . . . . immediately, as was the case nearly three years ago. While the price per barrel has dropped five or six cents since Obama's announcement, it is not the downward trend of 2008 and the futures market in oil continues its upward movement. The investors do not believe Obama; they do not believe that anyone will be drilling in Alaska anytime soon. We suspected as much.

The Stated Nonsense from the Left now includes these Progressive goals:

July 2, 2008, Obama had this to say: "We cannot continue to rely only on our military in order to achieve the national security objectives that we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded."

MICHELLE OBAMA: "Barack knows that we are going to have to make sacrifices; we are going to have to change our conversation; we're going to have to change our traditions, our history; we're going to have to move into a different place as a nation."

“ . . . . . . they have become a generation of activists possessed with that most American of ideas – that people who love their country can change it.” -- Obama the Radical

On September 30, Van Jones told MSNBC "I think everybody should hold onto your seats. October is going to be the turning point when it comes to the progressive fight back."

Midknight Review -- new and revised

Will Obama actually drill in Alaska? The "futures" investors say, "Heck no !!!"

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