Obama Administration kicks the oil-and-gas industry while it is down
Just as the glut of oil on the world market has prompted Saudi Arabia to pump out even more oil at cheap prices (for up to 5 years, the Saudis say -- as long as it takes to crush the U.S. shale industry -- the Obama Administration wants to impose harsh new resrictions on oil and gas companies. A better recipe could not be found for decimating the U.S. economy, killing jobs, and ceding control over world oil prices and demand to the Saudis and their OPEC cronies.