Name:   MartiniMan - Subject:   Gas Prices Rock Date:   1/26/2015 11:02:47 AM

And the way they will do this is to dry up their source of funding by driving the marginal operators into bankruptcy and therefore default on their debt.  But keep in mind that another major source of the decline in oil prices is the strengthening of the dollar.  When the dollar is strong the price of oil always drops.  They are now talking about possible parity between the dollar and the Euro.  Good time to travel to Europe although it makes it harded for US firms to sell their products overseas.

As for Obola's part in this, he only gets partial credit in that he hasn't been able to figure out a way to prevent fracking on private property.  If he could he would.  Would be interesting to hear from GF exactly what Obola did to make prices drop.  What policy?  Which EO? What did he do to make it go lower.  I can list a whole series of actions he has taken and those he has not to reduce exploration in the US which reduces supply and increases prices.  But what exactly. specifically has he done to lower gas prices?  Lower taxes?  Nope.  Increased exploration on public lands?  Nope.  Keystone Pipeline? Nope.  Stronger dollar?  Maybe, but what was his role in that happening?