The perpetually uninformed will think Jack Welch's points on drilling are spot on but the man is clearly lying in the hopes that they will not catch on.
Even if we could magically open every oil well tomorrow the price would nary drop a few dollars. That's because all oil is sold on the global market. The only way to have the kind of effect he's suggesting would be to nationalize our home-drilled oil supply. And guess who wouldn't want that? That's right. The oil companies.
The perpetually uninformed will think Jack Welch's points on drilling are spot on but the man is clearly lying in the hopes that they will not catch on.
Even if we could magically open every oil well tomorrow the price would nary drop a few dollars. That's because all oil is sold on the global market. The only way to have the kind of effect he's suggesting would be to nationalize our home-drilled oil supply. And guess who wouldn't want that? That's right. The oil companies.
gnomechomskylives 11 months ago
Comment removed
gnomechomskylives 11 months ago
Read:3M chief calls Obama anti-business, warns on job losses
White House collaborates with socialist union boss every day
Obama Picks a ‘Spread the Wealth’ Progressive Lawyer for Top Economist
usactionnewsdotcom 1 year ago
Is it 2012 yet? How long do we have to deal with this Obummer stooge in office?
bw01a 1 year ago
Tack as in sailing; not tact
cj8828 1 year ago 2
Jack Welch was a great CEO. Immelt is an Obama stooge, and he drove GE into the ground.
elhrac 1 year ago 2
We can't trust anything Barry says.
ReachDeep1 1 year ago 3