Obama Helps his muslim friends manipulate oil prices

[Hankelvis]

Saudi Arabia's large currency reserves and dominant position in the oil market allows it to manipulate the current scenario to its favor. The country's ability to tolerate low oil prices for much longer than its competitors helps it squeeze weaker competitors out of the market and strengthen its political position.

Canada is the seventh-largest producer of crude oil in the world and continues to climb up the list, with production in oil sands increasing regularly. In 2000, Canada surpassed Saudi Arabia as the United States most significant oil supplier. Unbeknownst to many, the size of Canada's oil reserves is second only to those in Saudi Arabia.

The geographical proximity between the U.S. and Canada, as well as the growing political uncertainty in the Middle East and South America, makes Canada one of the more desirable places from which the U.S. can import oil. But Canada does not service only U.S. demand. The country's vast oil resources are beginning to get a lot of attention from China, especially since Canada stumbled upon a new stash of oil after a reclassification of its Alberta oil sands to the "economically recoverable" category.

[Virginia Foulk]

Sounds fishy doesn't it - his sitting on the Keystone issue all this time, then finally stop it.