CHINA NOW TAKING OIL OBAMA REFUSED TO TAP - 80 MILES OFFSHORE FROM FLORIDA!

Submitted by: Donald Hank with Foreword:

Andrew Snyder is onto something (see below).

Even as the elites try to reduce the Middle Class to stubble, we see something unpredictable happening, and if you are biblically minded, you may see the hand of God in this.

Just as the White House and the Democrats try their darnedest to throttle our oil supply, with carbon taxes, bans on drilling and anything they can think of, fracking comes into its own and the immense underground reserves in the US start to be tapped faster than new regulations can be made to stop them. In fact, in this election year, Obama would not dare to show his true stripes, so any attempt to continue to cripple the economy will have to wait.

What happens next is anyone's guess, but I already have one friend, down on his luck for most of his life, who will be making $80,000+ as a truck driver for a fracking crew in northern PA.

I have been bearish on US politics and even on our economic future, but God always steps in when men try to muck things up and that is why, despite my gloomy predictions on the debt, I was never afraid of the ultimate outcome, even if our politicians continue to botch up the works.

Something like this happened before when the US fretted that John Rockefeller would completely take over the oil supply and "progressive" legal minds attempted to stop him.

At that time, a monstrous oil reserve was discovered in Texas -- the biggest in the world -- and investors, mostly funded by PA banking magnate Mellon, quickly set up rigs to tap it. Mellon offered Rockefeller a piece of the action, but amazingly, he turned it down.

This was right around the time the gasoline engine was coming into its own, with the manufacture of the cheap auto.

Until then, the only use for petroleum had been in lighting, but that market was somewhat saturated anyway, and the light bulb had just been invented, so Edison's power grid would soon make oil's use as a lighting source obsolete. Was John Rockefeller perhaps blind sided by this revolution in the oil market? Did he fail to see the boom in the auto industry?

At any rate, this TX gusher would see the rise of oil giants still in operation today, like Gulf Oil.

And when Rockefeller was finally slapped down by the busy-body SCOTUS in an antitrust action, he was already seeing plenty of competition from other oil men, making the court decision irrelevant. As usual, the market did not need the busy bodies to regulate it. It healed itself quite nicely, but the progressives took the credit (just like FDR and his acolytes took credit for ending the Depression).

So let's not think we are through as a nation quite yet. The elites in politics and banking may think they are gods, but the one true God will smack them down in due time. And you and I will be just fine, Lord willing.

Don Hank

The Cuban Energy Crisis
by Andrew Snyder, Editorial Director, Inside Investing Daily

Dear Reader,

Finally... somebody is drilling in a big way off our coast. The huge China-built Scarabeo 9 rig arrived 80 miles south of Key West late last month and has already cut into the Earth's crust.

It will be one of the first rigs to ever attack what could be as much as 9 billion barrels of Gulf crude.

The problem -- it's a big one -- if we take a boat 80 miles south of Florida, we'll run smack dab into the middle of Cuban water. A place where no American is welcome.

While Obama is cutting key energy infrastructure like the Keystone Pipeline, Fidel's younger brother is screaming, "perfora, nene, perfora."

That's "drill, baby, drill" to you and me.

As long as it's been around, Cuba has been an oil importer. It gets most of its liquid energy from its political pal Venezuela. But very soon, the Castro brothers may well be huge exporters... which spells a big windfall for the dirt-poor Communist country.

Cubans got the first look at their oily future in mid-January when the Scarabeo 9 was paraded just a few miles off the coast on its way to its lease just 22 miles northwest of Havana.

While the folks in Havana could see the rig with their bare eyes, all American eyes are on Spain's Repsol (REP:MC). It's the "traitor" that leased the Norwegian-designed, Chinese-built, Italian-owned and Bahamian-flagged drill platform.

Thanks to Uncle Sam's decades-old embargo against Cuba, America is powerless to do anything about a "sponsor of terrorism" drilling in the neighborhood of Florida's prized coastline. No American workers, technology or regulators are allowed on the rig.

But that hasn't stopped Washington from flexing its muscles... at least its jaw muscles.

"We need to figure out what we can do to inflict maximum pain, maximum punishment, to bleed Repsol of whatever resources they may have if there's a potential for a spill that would affect the U.S. coast," said Florida's Republican Representative David Rivera.

While our leaders wag their fingers at what are surely lax regulatory standards, it's clear the greatest fear is of a Cuba infused with oil money. After all, the proceeds of each new well are split between the driller and the Castro regime 60/40.

That means we may have a very rich island off our coast in the not-so-distant future.

My prediction is simple. Money changes everything -- especially in Washington.

After years of rhetoric, we will soon see the Cuban embargo dismantled faster than a stolen car in a chop shop. It will come under the guise of environmental regulations (doesn't everything these days?), but in the end it's about sharing in the untapped wealth buried just off our shore.

The map tells the truth about who is tapping this resource.

Venezuela is headed there. China has a stake. And get this... Russia's Gazprom has a deal with Malaysia's Petronas to drill the next well with Scarabeo 9.

In other words... All of our rowdy friends are coming to play.

It is all part of an idea sweeping the world -- North America has become an energy giant.

The idea of energy independence has finally escaped the realm of political fantasy and is on the cusp of becoming reality.

A good example of what I mean comes from the Dept. of Energy. It tells us during the first 10 months of last year, 81% of America's energy needs came from within our borders.

Most of the fuel comes thanks to the fracking boom. The oil-soaked Bakken formation and the gas-rich Marcellus region have flooded the country with cheap energy. There's so much cheap oil, in fact, it has skewed the global market.

The premium between Brent crude and U.S. oil surged by over 50% last week -- all because we are out of places to store the stuff.

One of the best trades of 2011 involved playing the difference between North American and European oil.

And we're about to get another shot at it... and a play that is already just as hot.

You've likely seen our previous mentions, but I want to remind you that tomorrow night at 7:00 here on the East Coast, I will release a presentation on the nation's energy industry.

My focus will be on the nation's natural gas industry and an interesting conversation I had over breakfast with a local congressman. I will detail how what I learned led me to what is the most powerful energy play many of us will ever see.

Again, this free show goes live tomorrow night at 7:00. We'll send an email to remind you.

In the meantime... you may want to practice your Spanish.

From the Inside,

Andy

P.S. A Russian genius got a bullet in the head for going against the Communist mandate and accurately predicting the world's economic cycles. His research has been eerily accurate... too bad he's not around to see it.