Get Ready for $10 Oil

At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here’s why.

U.S. economic growth has averaged 2.3 percent a year since the recovery started in mid-2009. That’s about half the rate you might expect in a rebound from the deepest recession since the 1930s. Meanwhile, growth in China is slowing, is minimal in the euro zone and is negative in Japan. Throw in the large increase in U.S. vehicle gas mileage and other conservation measures and it’s clear why global oil demand is weak and might even decline.

At the same time, output is climbing, thanks in large part to increased U.S. production from hydraulic fracking and horizontal drilling. U.S. output rose by 15 percent in the 12 months through November from a year earlier, based on the latest data, while imports declined 4 percent.

Something else figures in the mix: The eroding power of the OPEC cartel. Like all cartels, the Organization of Petroleum Exporting Countries is designed to ensure stable and above-market crude prices. But those high prices encourage cheating, as cartel members exceed their quotas. For the cartel to function, its leader — in this case, Saudi Arabia — must accommodate the cheaters by cutting its own output to keep prices from falling. But the Saudis have seen their past cutbacks result in market-share losses.

So the Saudis, backed by other Persian Gulf oil producers with sizable financial resources — Kuwait, Qatar and the United Arab Emirates — embarked on a game of chicken with the cheaters. On Nov. 27, OPEC said that it wouldn’t cut output, sending oil prices off a cliff. The Saudis figure they can withstand low prices for longer than their financially weaker competitors, who will have to cut production first as pumping becomes uneconomical. (Read more about $10 oil HERE)

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Phil Robertson to Receive Free-Speech Award at CPAC for his Outspoken Statements on Homosexuality

Fourteen months after he sparked a major controversy for making remarks widely perceived as anti-gay, Duck Dynasty star Phil Robertson has been named the recipient of a free-speech award from Citizens United, an organization routinely disparaged by Hollywood liberals.

Robertson will receive the “Andrew Breitbart Defender of the First Amendment Award” at this year’s Conservative Political Action Conference, which is better known as CPAC and is one of the biggest annual events for prominent movers and shakers on the right . . .

“Even when the entire mainstream media demanded he disavow his beliefs and attempted to have him fired from his own hit show for expressing these beliefs, he stood firm in his faith,” Citizens United president David Bossie said.

Bossie’s group is most famous for Citizens United v. Federal Election Commission, where the U.S. Supreme Court ruled that blocking the airing of the group’s documentary film Hillary: The Movie was a violation of free speech. The FEC had argued, unsuccessfully, that the movie should adhere to laws governing political advertising, given that it was a critical look at Hillary Clinton scheduled for release when she was seeking the Democratic nomination for U.S. president. (Read more about the free-speech award HERE)

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Scott Walker Attends Private Dinner With Ex-Reagan Advisers in New York

Wisconsin Gov. Scott Walker is scheduled to attend a private dinner Wednesday with longtime advocates of supply-side economics.

The gathering, set for the upscale “21” Club in Manhattan, is the latest effort by the potential Republican presidential contender to bolster his relationships with the GOP’s anti-tax wing. It also reflects the interest business-friendly conservatives have in his possible candidacy, in spite of the recent ascent of former Florida governor Jeb Bush.

Economists Larry Kudlow, Arthur Laffer, and Stephen Moore will host Walker, according to several people with knowledge of the event.

For decades, that trio of friends — all associated with President Ronald Reagan’s economic policies — have been high-profile proponents of using tax cuts to boost economic growth.

Laffer is best known for authoring the “Laffer curve,” an argument for increasing federal revenue by lowering taxes. Moore, a former Wall Street Journal editorial writer and founder of the Club for Growth, now works at the Heritage Foundation. Kudlow, a fixture on cable television, was one of Reagan’s advisers on fiscal and economic matters. (Read more about the dinner with the ex-Reagan advisers HERE)

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Ted Cruz: Obama Admin. “Counterfeiting Immigration Documents” [+video]

Sen. Ted Cruz, R-Texas, believes that the Obama administration is “counterfeiting immigration documents” under the president’s immigration plan.

Speaking to Fox News following a federal judge’s decision to temporarily halt President Barack Obama’s executive action on immigration, the potential Republican presidential contender said the commander in chief is ignoring federal law.

“One of the things it points out is the president has claimed, rather absurdly, that the basis of his authority is ‘prosecutorial discretion.’ That he’s simply choosing not to prosecute 4.5 million people here illegally,” Cruz told Fox News. “But what the district court concluded, quite rightly, is they’re doing far more than that. The administration is printing work authorizations. It is affirmatively acting in contravention of federal law. Basically, what its doing is counterfeiting immigration documents, because the work authorizations its printing are directly contrary to the text of federal law. It is dangerous when the president ignores federal law” . . .

“It’s interesting, (Obama) said the law is on his side. There’s at least one person who calls himself a legal scholar who disagrees, and his name is Barack Obama,” Cruz said. “Twenty-two times President Obama has admitted he doesn’t have the authority to issue unilateral amnesty. Twenty-two times he says the constitution doesn’t allow it. He said, ‘This is not a monarchy.’ That’s his quote. And then after the last election, he said never mind and issued it anyway.” (Read more from this story about the Obama Admin. Counterfeiting Immigration Documents HERE)

The Betrayal Papers: Under Obama, the U.S. has been Captured by the Muslim Brotherhood

The Betrayal Papers will trace the influence of the Muslim Brotherhood in the Obama administration’s foreign and domestic policies. The five-part series will present a picture of a conspiracy that is manipulating the American government to the benefit of a totalitarian, genocidal movement that seeks to establish a global Islamic State.

• The Muslim Brotherhood is an international political, financial, terrorist and movement whose goal is to establish a global Islamic State (Caliphate).

• They have and continue to exert tremendous influence of the American government’s foreign and domestic policies under President Barack Hussein Obama.

• The violence in the Middle East and across North Africa is a direct consequence of the Muslim Brotherhood’s effective control over American foreign policy in the region.

• They operate through various “civic” front groups, as well as through American institutions who take their money as operational funding (Georgetown University, Brookings Institution).

In America, we have a weak and struggling economy, growing public and private debt, and millions are un- and underemployed. While a weaponized IRS targets Tea Party groups and other voices of liberty, and military veterans are labeled as “domestic terrorists” by the Department of Homeland Security, the federal government refuses to secure the southern border. Educational policy now includes the teaching Arabic and visits to mosques for schoolchildren.

Internationally, America is in retreat. The Middle East is in ashes, and in the midst of an ongoing genocide replete with daily horrors, the likes which have not been seen for centuries. Former allies have been abandoned and are embittered. Under the present leadership in the White House and State Department, Israel is considered the aggressor and Hamas the oppressed.

In sum, the world is at its most volatile point since the outbreak of World War II.

If you think that this is a result of something other than an “incompetent,” “stupid,” or “clueless” President, words regularly used by those who sense something is wrong but, can’t quite bring themselves to own up to the ugly truth, you’re not alone.

Millions of Americans are realizing that the Obama administration is not merely “misguided.” It is actually and consciously anti-American, anti-Semitic, anti-Christian, and broadly anti-Western. Yet , the American public does not yet fully appreciate why and how the administration always finds itself square against everything this country is based on – religious freedom, capitalism, and justice under law.

This series of articles will explain the force and mechanics behind Obama’s anti-American global agenda: the Muslim Brotherhood.

Al-Ikhwan al-Muslimoon: The Root of Today’s Islamic Evil

Founded in 1928, the Muslim Brotherhood (aka, the Society of Muslim Brothers, or Al-Ikhwan al-Muslimoon in Arabic) is an international movement (some would argue an international conspiracy) that seeks to establish a worldwide Islamic State (or Caliphate). When it was created in the late 1920s, the Brotherhood was a contemporary of the Nazi Party of Germany. Indeed, the leader of the Muslim Brotherhood in Palestine, Amin al-Husseini, is considered by some as the man who catalyzed the Holocaust; for it was only after Husseini visited Hitler in Berlin in 1941 that the systematic extermination of Jews and other minorities began with industrial efficiency.

After the war, despite the insistence by many wartime leaders (Churchill included) that he be brought to justice, Husseini escaped to the Middle East. He lived there until his death in the 1970s, serving as a mentor to a young Yasser Arafat. Husseini and the Nazi Party are the connection points between the Holocaust and today’s Middle Eastern genocide.

The Allies conscious failure to arrest and prosecute Husseini haunts us today.

A Terror Hedge against Stalin and Soviet Russia

At the beginning of the Cold War, working with former Nazis, the American CIA began to court the Muslim Brotherhood as an ally against Soviet Russia. This calculus may have made sense when facing down Josef Stalin, a totalitarian tyrant hell-bent on world domination, but it has proved a costly strategy in the long run.


In the years and decades that followed World War II, the Muslim Brotherhood has evolved into a modern day Nazi International, not unlike the old Comintern (Communist International). It has a vast network of financial and business interests across the world; it has agents, supporters, and apologists within western governments; and it has a support network of “civic” organizations in the West.

These all serve as a cover for its darker and insatiably violent ambitions.

For despite all their intrigue and political gamesmanship, the Muslim Brotherhood is not strictly a political movement, nor a financial cabal. It’s also the mothership of virtually all Islamic terrorist groups operating in the world today, including Al Qaeda, ISIS, Hamas, the Taliban, Boko Haram, and many more. Such groups, all children of the Muslim Brotherhood’s fanatical Islamic ideology, are today ethnically cleansing countries such as Libya, Syria, Iraq, and Nigeria of all traces of Christianity. No less than the President of Egypt, Muslim Abdel Fattah el-Sisi, a devout Muslim, has said as much.

Considering how the Muslim Brotherhood and their terrorist pawns treat fellow Muslims in Egypt, Libya, Syria, and Iraq, butchering them by the bushel including women and children, it should come as no surprise that Egypt and Saudi Arabia have declared the them a “terrorist” organization.

It should also come as no surprise that the United Arab Emirates has designated Muslim Brotherhood front groups operating in the United States “terrorist” entities. In November, the UAE effectively declared that the Council on American Islamic Relations (CAIR) and Muslim-American Society (MAS) were no different than Al Qaeda. Why? It’s because they share a common origin in the Muslim Brotherhood. One could add to this list of domestic terrorist collaborators and enablers the Islamic Society of North America (ISNA), the Muslim Public Affairs Council (MPAC), and the Muslim Students Association (MSA).

A New HQ in America

Equally alarmingly, all-American institutions such as Georgetown University and the Brookings Institution have accepted so much money from the Muslim Brotherhood government in Qatar, that their political positions are virtually indistinguishable from the Muslim Brotherhood’s domestic front groups!

Yet, the United States government does not see these organizations and their employees as the enemy, as apologists for the worst kinds of barbarity. In fact, the highest profile people from these organizations advise the Obama administration, including the Department of Justice, the Department of Homeland Security, the FBI, and the National Security Council. In January, the Department of State actually welcomed the Muslim Brotherhood to a meeting, and shortly thereafter Egypt exploded in jihadi violence. This is no magical coincidence.

To the detriment of our safety and well-being, the domestic Muslim Brotherhood front groups help dictate counterterrorism policies. It is their influence which leads to the farcical idea, recently expressed by Obama at the National Prayer Breakfast, that the Crusades have something to do with ISIS and the mass murder of innocents in the Middle East today.

These front groups shape our foreign policy, which since the Arab Spring and continuing to this day is on the side of the Muslim Brotherhood.

So-called “moderate Muslims” employed at these front groups have made the country of Qatar, a totalitarian sharia-based society, and an “ATM for terrorists,” the closest ally of the United States under Obama’s Presidency. With enthusiasm from Obama and Eric Holder, they have us emptyingGuantanamo Bay of the most vicious killers and sending them to Qatar, with only the vaguest of security assurances.

The remaining four articles will explore the influence of the Muslim Brotherhood on American policy, both foreign and domestic (including in Common Core, Obama’s position on illegal immigration and amnesty, and the hostility of the administration toward police officers). The exposé will also detail the operatives in the government who work to advance the Muslim Brotherhood’s ambitions for a worldwide Caliphate. And it will put into context the mysterious influence that George Soros and Valerie Jarrett have over Barack Hussein Obama, his administration, and the policies that affect every American.

The Betrayal Papers is a collaborative effort by the Coalition of Concerned Citizens, which includes: Andrea Shea King, Dr. Ashraf Ramelah, Benjamin Smith, Brent Parrish, Charles Ortel, Denise Simon, Dick Manasseri, Gary Kubiak, Gates of Vienna, IQ al Rassooli, Jeff Bayard, Leslie Burt, Marcus Kohan, General Paul E. Vallely, Regina Thomson, Scott Smith, Terresa Monroe-Hamilton, Colonel Thomas Snodgrass, Trever Loudon, Wallace Bruschweiler, and William Palumbo.

(Restoring Liberty will post the remaining four articles on how the US has effectively been captured by the Muslim Brotherhood under the guidance of Barack Hussein Obama.)

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Officially America’s ‘Creepy Uncle’: Vice President Joe Biden Gropes Yet Another Woman [+video]

Photo Credit: NY Post
By Natalie O’Neill. Vice President Joe Biden took hands-on politics to a creepy new level Tuesday by snuggling new Defense Secretary Ashton Carter’s wife from behind.

In a move straight out of the stalker handbook, Biden appeared to be sniffing Stephanie Carter’s hair at a swearing-in ceremony for her husband in Washington.


Biden, who kept his hands on Mrs. Carter’s shoulders for 10 seconds, looked as if he was whispering sweet nothings into her ear.

Hands folded in front of her, she gazed stiffly in the direction of her husband during the grope. (Read more about America’s ‘creepy uncle’ HERE)

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Blast from the Not-So-Distant Past: Joe Biden Acts Like ‘Chester the Molester’ at Swearing in Ceremony

By Janeen Capizola. My sincerest apologies to every female Senator and family member who had to endure the creepy, inappropriate, flirtatious behavior of Vice President Joe Biden at the mock swearing in ceremony in Washington, D.C. My compliments to the men who kept their cool while the vice president salivated over their wives, mothers and daughters.

During the photo session for the swearing in of new senators, Biden was unrelenting in his touchy, feely, kissy, groping of what appears to be every female he came into contact with. Gross. He’s the kind of creeper man women run from at work, family gatherings, or parties.

We all know Biden acts like a buffoon at (most) times, and his “jokes” are never funny . . .

Watch the Vice President of the United States of America’s outrageous behavior with all the women here:

(Read more from this story HERE)

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White House Now Says Unemployment Causes Jihad [+video]

The Obama administration is drawing fire for suggesting that defeating ISIS requires more of a jobs program for terrorists than a sophisticated approach to killing them.

State Department spokeswoman Marie Harf said Monday night on MSNBC that ‘we cannot win this war by killing them, we cannot kill our way out of this war.’

Instead, she said, the administration should ‘go after the root causes that leads people to join these groups’ – including ‘lack of opportunity for jobs.’

‘We can work with countries around the world to help improve their governance,’ Harf insisted. ‘We can help them build their economies so they can have job opportunities for these people.’

The embarrassing gaffe aired as the White House attracted new criticism for papering over religious aspects of a mass-beheading of Coptic Christians by the ISIS terror army. (Read more from “White House Says Unemployment Causes Jihad” HERE)

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Department of Homeland Security Suspends Rollout of Obama’s Immigration Actions

By Fox News. The Department of Homeland Security is suspending the rollout of President Obama’s immigration actions, after a federal judge issued an order blocking them.

DHS Secretary Jeh Johnson told Brett Beir on “Special Report” Tuesday that he strongly disagrees with the judge’s ruling and says it will be appealed promptly.

“The executive actions that we are moving forward with are on hold for the time being but this ruling will definitely be appealed and I believe it will be overturned.”

A DHS agency had been set to start accepting applications on Wednesday for the first phase of the plan — an expanded program shielding young immigrants who came to the U.S. illegally from deportation. Johnson said that is now suspended.

Johnson said DHS also will suspend its plans for implementing the broader portion of Obama’s immigration overhaul, which was set to launch in May — a program to give a deportation reprieve to potentially millions of illegal immigrant parents of legal residents. (Read more from “Department of Homeland Security Suspends Obama’s Amnesty” HERE)

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Obama Vows to Fight Immigration Ruling

By Andrew Beatty. US President Barack Obama claimed history and the law were on his side Tuesday, as he vowed to fight a court order freezing controversial immigration reforms.

Obama had used an executive order to bypass a hostile Congress and drive through measures to protect about four million undocumented foreigners from deportation.

But a judge in Texas issued an emergency injunction before the measures were to come into effect starting Wednesday.

Obama was defiant: “I think that the law is on our side and history is on our side, we are going to appeal it.”

“This is not the first time a lower court judge has blocked something or attempted to block something that ultimately was shown to be lawful.” (Read more from this story HERE)

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‘Mother F****** Never Happy!’ Former Top Obama Adviser Reveals a Different Side of Obama

Photo Credit: Business Insider By Colin Campbell. President Barack Obama stunned David Axelrod, one of Obama’s top campaign advisers, during the 2012 election when the president allegedly cussed at him and walked out of their debate-prep session. Axelrod told the story in his new book, “Believer: My Forty Years in Politics.”

Axelrod wrote that he attempted to offer some constructive criticism before Obama’s first debate with Republican nominee Mitt Romney, but Obama wouldn’t have it.

“Mother—–r’s never happy,” Obama said, according to Axelrod, before bolting out of the room. (Read more about what the Obama adviser said HERE)

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Axelrod’s Book Angering the Clintons, too

By Amie Parnes. David Axelrod, the former top strategist to President Obama, has been annoying Hillary Clinton allies with his rash of recent comments about the would-be presidential candidate and her potential campaign.

The staunch Clinton supporters feel as though Axelrod, who is promoting his new book Believer: My Forty Years in Politics, has taken unnecessary aim at Clinton and her team.

“It’s not helpful, and it’s definitely not appreciated,” said one Clinton ally. “The last thing we need is another round of headlines about lingering tension, and this is doing exactly that.

“When he speaks, it gets picked up, and people listen,” the ally added.

Another supporter added: “I think a lot of us are scratching our heads. Why is any of that necessary?” A third added, “She’s been a great team player, she’s been very supportive of the president and she hasn’t gotten in front of him on a lot of issues so what’s he trying to do?” (Read more from “Top Obama Adviser Angers Clintons” HERE)

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Michelle Obama’s Secret Trip: Cover Blown Slipping Around Crash Site

By Sport Act. Michelle Obama’s secret Aspen ski trip exposed after her motorcade was allowed to sneak around a car accident

After trying to keep secret the first lady’s annual skiing vacation to Aspen, Co., an Instagram photo and police report about a car wreck finally confirmed the trip . . .

“They had to go around the accident this morning,” Police Chief Brian Olson told the Aspen Daily News. He said that the procession carrying the first lady and her daughters in Aspen for their fourth consecutive winter break was allowed to “sneak through while they waited on tow trucks.” (Read more about the cover being blown by the crash site HERE)

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Obama’s Spend an Estimated $2.5 Million on Recent Weekend Vacations

By Darren Boyle. The Obamas have spent an estimated $2.5 million after Barack and the rest of his family took separate weekend breaks.

President Obama spent Valentine’s weekend in California, where he managed to squeeze in three rounds of golf at a California course owned by Oracle chief executive Larry Ellison.

Meanwhile, his wife Michelle and daughters Sasha and Malia flew to Aspen in Colorado for a skiing trip on board a separate presidential aircraft.

According to the White House, President Obama flew to San Francisco on Thursday afternoon where he had several events, before taking Saturday, Sunday and Monday off. He delivered a speech at a summit on cyber security before attending a round-table meeting with business leaders. His final official engagement of the weekend was a fundraiser for the Democratic National Committee at the home of venture capitalist Sandy Robinson. (Read more from this story HERE)

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