paulitician
Platinum Member
- Oct 7, 2011
- 38,401
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- #81
Here on planet Reality, petroleum of crude oil is up under Obama to the highest its been in almost 30 years.
U.S. Field Production of Crude Oil (Thousand Barrels)
And you have to ask if it has anything to do with Obama and the US at all.
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Chinese oil consumption is up year on year. They're using 3 times more oil than in 2000. This oil comes from somewhere.
There's something called supply and demand.
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and for the US
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US imports from Saudi Arabia are up.
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Chinese imports are up massively. And you expect the prices to stay low.
Also you have the instability in Iraq and Libya not helping things. The US went in there to get oil prices down, but it takes time, and doesn't work when China is also consuming a ton of oil.
And you blame Obama. What for? He's not in charge of oil prices, or Saudi Arabia or China.
Another nice convenient flip-flop. Cuz we know you wingnuts weren't all about blaming the BOOOOOSH for high Gas Prices back in the day. Nope, no way. Never happened.