He has directed his agencies to stall the Keystone pipeline forever, forcing shipment of crude oil from Alberta to Texas refineries by exponentially more dangerous rail and truck. He has virtually prohibited oil exploration on federal lands and has directed the Department of the Interior to essentially terminate off-shore drilling. He has sought to stanch the North Dakota oil boom by raising specious specters of the "dangers" of fracking. He has, in short, done everything in his power to destroy America's energy independence and keep the United States dependent on his Muslim brothers for oil.
Yet despite the President's best efforts, the United States is on the verge of becoming the major energy producer in the world. We are already the world's foremost producer of natural gas, and US oil production has jumped from 2 billion bbls in 2010 to 3.1 billion bbls in 2013, a growth rate that will overtake Saudi Arabia's 3.6 billion bbls and Russia's 4 billion bbls by 2015.
This is a mixed blessing. From 1973 to 1975, the United States negotiated deals with all the OPEC nations to furnish them arms in exchange for their pricing their oil in US dollars. These arrangements shored up the faltering dollar following the "Nixon shock" by creating a world-wide demand for dollars. As the United States becomes an exporter of oil, those arrangements will crumble, exposing the dollar's weakness caused by our profligate and unabating borrowing.
On the other hand, as the United States replaces Russia and OPEC as the major supplier of oil to Europe and Japan, Russia's international influence will wane and the oil money that fuels international jihad will dry up. And, perhaps more importantly, the green back dollar will once again become strong enough to stand on its own.
This is our golden opportunity to make the world green again – green with US Dollars. There will be a period of adjustment, of course, during which the dollar will be under attack, but the faster we ramp up domestic oil production, the shorter and less severe that period will be.
This is so obvious that one is forced to wonder how it has escaped the attention of the President. Could it possibly be that he is fully aware of it and is actively and deliberately pursuing a campaign to collapse the dollar?
And why would George Soros, the man who made a billion dollars in 1992 by collapsing the British Pound, want to do that?