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Wednesday, March 20, 2013

Tea Leaves: Did The Obama Administration Go Too Far?

At the link (click here), note at least two stories about Washington regulators thinking about stepping back from regulations that would severely hurt power plants and the nuclear industry.

Then look at the story with regard to the story about decreased oil coming out of the Bakken due to weather and takeaway constraints.

And, of course, the Keystone XL was killed by Mr Obama. Personally. The buck clearly stopped in his office on that one. He can cancel White House tours. He can cancel pipelines. But he won't cancel presidential golf outings, even as far away as Ireland (in June).

And the price of oil shows no sign of coming down. Its average in 2012, if I recall correctly, was said to be the highest ever in the history of the US (average for the entire year). And all that talk about the price of oil coming down this year? It's possible, but so far no sign. And tensions are heating up in the Mideast. And now we learn that even as the US is cutting back on Mideast oil imports, China will easily exceed that delta.

So, regulators are looking at stepping back. It's finally catching up to those in the Obama administration who care about the US. Obviously Barry and Michelle do not (care about what happens to the US), but others in the administration still have to worry about where they will be working three years from now.