Oil drops as Saudis resist calls for output cuts
How long did the world wait and nurture the Saudi regime in an effort to have oil. It used to be, the USA global user of oil and the USA no oil output as it should be. We have always had minerals here in Wyoming and we had an oil economy before, then it crashed. Many Wyomingites who worked the oil, coal, and gas faced slow downs and layoffs. But we recovered and today the oil and mineral economy is here. Those who saw the trouble before in the oil economy would say they would take care of the next big oil boom if it comes. Well it has been here and as it is today while the prices for oil have dropped some 50%, the USA has produced more oil than the last 30 years. I can tell you from around here, companies are starting to get cautious about the oil drop; that is according to a businessman here who keeps tabs on the economy. He builds custom homes and for him, when trouble is on the horizon; they are careful. If it goes down more, you bet there will be slowdown. But the way out of state investments seem to be flowing into the state, someone believes the profit margin will be there to stay in the foreseeable future.
WIBR/WARN Commentary on Oil drops as Saudis resist calls for output cuts
Is Obama pro- or anti-drilling? It depends and from where we sit in Wyoming he is an enemy of carbon, that means drilling. But it also means coal, which if the Obama policies are not changed, then four coal mines in Wyoming’s PRB will have to shut down by 2030. In this neck of the woods President Obama is seen as “anti-carbon” and an “enemy of Wyoming’s Mineral development“! The irony is that Obama spoke of shutting down the Carbon industry during his first campaign for President and it is the energy industry that has bailed out his failed economy. It sure never hurt!
WIBR/WARN Radio commentary on Obama has it both ways on oil
Erdogan critical of US-led Kobane campaign as Kurds celebrate their victory over ISIS. It is not surprising that Erdogan is upset with the US led coalition bombing. The whole world has been watching the fighting at Kobani, which became a world spectacle. The Turks, from atop the hill; near the border over looking Kobani simply watched from the beginning to the ending. They never moved a muscle to help fight ISIS. Although they did take in Refugees, Turkey was caught red handed helping ISIS fighters across the border to fight the Kurds. In the early days, Turkey did not want the Kurds to win; it seemed as much when they drug their feet to help in the border crossing at Kobane and Turkey.
WIBR/WARN Radio Commentary on Erdogan and the Kurds of Kobani