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Obama Could Be Forced To Support Big Oil

December 16th, 2015 09:04 AM

Obama Could Be Forced To Support Big Oil

The United States cold be on the verge of lifting the 40 oil export ban in place since the Arab oil embargo days. And although Democrats have control of the Executive Office, Barrack Obama could be forced to sign the deal because it is part of the 2016 budget and will start a "Government Shutdown Fight" if he pulls out the veto pen.

On the other hand, there is a very high chance that the bill wont be able to be stopped by Obama because there could be a 60 vote majority in the Senate. This would override Obama's opinion and bombastic opposition to fossil fuels and render his veto pen useless. The reason for the democratic support behind this bill is because of subsidies for solar, wind and other technology that costs too much is embedded in the bill.

What democrats don't understand is, solar panels take 30 years to pay off but only last 10 due to being outside in the elements all the time. Of course, every home owner in America would absolutley love to turn their home into their own power plant, the problem is, the price must come down substantially. The other problem with solar is that there is no sun at night. This makes solar panels less efficient because you are headed right back to the power company to keep your home warm and light on at night.

As far as oil goes, because the market is so saturated with Saudi oil, the US opening exports will most likely not effect the overall price per barrel. However, there is a really good chance that other countires like Japan will be waiting in line to get there hands on U.S. oil which could cause refined gasoline to go down further in price and the everyday consumer will benefit.

 

 


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About Dr. Ron Caskey

Dr. Caskey has over 30 years experience as a trusted financial professional. Over the past three decades, he has helped scores of valued clients create, protect, and distribute wealth in an effort to greatly enhance their overall quality of life. He lives with his wife Jeannine in Firestone, Colorado. They have raised 5 kids and have 11 grandkids.

Dr. Caskey's top priorty is working with you to both learn about your particular situation and to make sure you are fully educated so that together we can find the solutions that work best for your particular situation.

*Disclaimer* - *Guarantees are backed by the financial strength and claims-paying ability of the issuing company. Bonus annuities may include higher surrender charges, longer surrender periods, lower caps, higher spreads, or other restrictions that are not included in similar annuities that don’t offer a bonus. By responding you may be contacted by an insurance agent. Annuities are designed to meet long-term needs for retirement income. They provide guarantees against the loss of principal and credited interest, and the reassurance of a death benefit for beneficiaries. This website and its contents, downloads, videos and audio files are designed to provide general information on the subjects covered and is provided to you for informational purposes only. Pursuant to IRS Circular 230, it is not, however, intended to provide specific legal or tax advice and cannot be used to avoid tax penalties or to promote, market, or recommend any tax plan or arrangement. Please note that Ron Caskey does not give legal or tax advice. Please consult your tax advisor or attorney. Ron Caskey is a registered and licensed insurance agent resident in the state of Colorado, non resident in multiple other states. This website focuses on insurance products in an attempt to avoid volatility. The term "Safe Money" should not be understood as signifying a guarantee or a guaranteed investment.*
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