Well, you’ve seen the president taking all the credit for something that happened in spite of his policies. We just recently reported how Obama is working to block any access to the Alaska National Wildlife Reserve(ANWR) for oil exploration by declaring it a wilderness.
Of course we all know very well the exploits of the EPA to usurp more private lands under various purported guises of protecting the environment. And what has to be of great concern to any American who comprehends our fragile and anemic economic recovery — 2.5 percent annual GDP growth can’t be considered the new normal — is that the minuscule economic growth we have seen is based on the boom in the oil and natural gas industry. So what if that comes crashing down?
As CBS News Money Watch says, ” A new report by the global information and analytics firm IHS (IHS) suggests the historic gains in U.S. oil production may end abruptly by the middle of this year.”