Yup... and I'm beyond caring anymore. The majority of American voters wanted hope and change so I hope they enjoy it... the idiots who voted for him deserve everything Osama takes from them. Regardless of how he does it.
I can’t stand Obama, but please relate your thoughts on what you think he has done that helped increase oil prices NOW.
Keep in mind that exploratory drilling, like in the Gulf of Mexico, is NOT production, does not add to oil supplies and does not affect oil futures markets UNTIL after drilling achieves production and a well’s capacity has a predictable affect on supply. That may affect tomorrow’s oil prices, not today’s.
Everything I have seen has oil prices today being set by three factors: (1)massive increase in world demand as massive numbers of new automobiles - in Asia - enter the demand side; (2)the Bernanke cheap-dollar-driven world-commodity-price-inflation bubble; (3)institutional investors and hedge funds placing bets - buying oil future’s contracts at higher prices - that the first two factors will continue in the long run and Middle East unrest will continue in the short run. I don’t think any of those three factors are greatly controlled by any POTUS.