There’s a little rally to the WTI market here on the back end of the trading session. Seems as if people are once again playing the “HOPE” and “CHANGE” card.
(Reuters) – President Barack Obama on Thursday directed his administration to conduct a broad review focused on infrastructure required for “transporting, transmitting, and delivering energy,” the White House said.
In a memo establishing the Quadrennial Energy Review, Obama said a related task force would develop recommendations and submit a report to the president every four years beginning with the first one by January 31, 2015.
Let’s see…review submitted Jan 2015…discussion/debate for a year…Presidential election in 2016. Yeah, no.