Obama says gasoline will go to $12.00 dollars per gallon if Iran closes Straits of Hormuz (Video)Submitted by Mark Hanson on Sun, 02/17/2013 - 23:21
The new technology known as horizontal drilling has exponentially increased America's recoverable energy reserves. This technology allows a single well to pull in oil/gas from a number of different sources. As a result, the U.S. has some of the largest oil and natural gas reserves in the world, but Obama is hellbent on limiting our ability to use them. Given the instability in Iran and the Middle East, domestic oil and gas production is vital to U.S. national security.
Obama made the following comments about oil and national security during a speech in Ohio. "An even more immediate and direct security threat comes from our dependence on foreign oil. The price of a barrel of oil is now one of the most dangerous weapons in the world. Tyrants from Caracas to Tehran use it to prop up their regimes, intimidate the international community, and hold us hostage to a market that is subject to their whims. If Iran decided to shut down the petroleum rich Strait of Hormuz tomorrow, they believe oil would skyrocket to $300-a-barrel in minutes, a price that one speculator predicted would result in $12 dollar a gallon gasoline." Given Obama's knowledge of oil as a weapon, his use of the EPA to limit domestic production should be considered treason. The previous comments come at 2min/42sec into his speech. Here's the link:
Obama probably raised the issue of Iran closing the Straits of Hormuz as a means to scare people into clean energy policies, which he's admitted will cause energy costs to "skyrocket". Whatever Obama's reason for mentioning Iran as a threat to U.S. oil supplies, the fact is, the energy polices of Iran and Obama pose an imminent threat to U.S. national security. But Obama did not originate the fraudulent global warming/clean energy agenda. Before Obama became President, the CEO of General Electric, Jeffrey Immelt, addressed the National Governors Association. Immelt told the governors to subsidize GE's clean/green energy in order to save the world from global warming caused by CO2 emissions. Exxon's CEO is also calling for a CO2 tax to subsidize algae fuels research, not to mention Wall Street's push for Cap and Trade. For links to all this info, check out my post "The Occupy Wall Street Agenda and Climategate".
Iran couldn't be a threat to the U.S. without support from China and Russia, which couldn't be a threat to the West without US support. This incestuous relationship allows global elites to play both sides of global conflicts. Syria is a prime example. This keeps people divided and guarantees profits for the globalized war machine. In this next video, a Chinese political scientist talks about Russia and China creating a new world order, which is being financed by Wall Street and US multinationals. If the first link doesn't work, there's a shorter youtube version below.
These short video clips from a Senate Foreign Relations Committee demonstrate that China is arming Iran with nuclear and chemical weapons. And last year, China's Vice President Xi was in Washington DC calling the US a "partner". Hmmm?
Pat Mulloy is a member of the US/China Economic and Security Review Commission. In the next clip, he says large trade deficits with China will result in large chunks of the U.S. economy being owned by the Communist government of China.
For all intents and purposes, US financial elites and industrialists have seceded from the Union and partnered up with China's totalitarian regime. They're engaged in economic terrorism against the U.S. as a means to crush representative government. Consider what would happen if Iran, a client state of China, blocked the Straits of Hormuz. WWIII would be great for the mass murdering war profiteers.
Wall Street and US multinationals prefer China's totalitarian political model and command/control economic model. They're setting China up to be the next host for a Globalized Military Industrial Complex. For more on the treasonous US/China partnership, check out the post titled "Communist China Tortures Religious and Free Speech Advocates". Here's the link: