You may be right it doubled that day but has steadily declined following that day. However the gas prices keep giong up. Besides what the heck does that have to do with the president? It's the greedy corporation doing this.

Surely it’s actually a good sign that the world-American economy is recovering.
Had “Marxist” Obama allowed America to collapse like it did in 1929 (which was good old uninhibited capitalism) then oil prices may well have halved since Obama took office.

Which would be a very bad sign indeed (since there’s absolutely no benefit if something cheap because you can’t afford it)

Whenever oil prices went up under Bush, lefties were always quick to point out how Bush was taking care of his oil buddies.

America has over 300 million people so I'm sure many simplistic idiots have (casually-lazily) linked rising global demand & lack of world production capacity, personally with Bush (despite him only being president for 8 damaging years).
However please explain to me how this allegedly works (if it ever deserved credibility)?

But for most people…
The accusation was…
1. Wanting to drill in Alaska was Bush taking care of his oil friends
2. Not investing in renewables was bush taking care of his Saudi 9/11 buddies.
3. Not opening any new nuclear power plants was Bush taking care of his coal buddies.
4. Not sighing Kyoto was Bush taking care of his industrial backers.

This I can believe as it works.

I don’t deny that America is in deep sewage because (for the first time) higher commodity prices are being dictated by the growth of other economies (i.e. China)
This is bad because the inflation effect will harm America’s economy.

However with October 2008 being practically a carbon copy of October 1929; every day when America has an economy without the middle class starving, is also a day to be thankful to Obama’s tough decisions (and the philosophising of academics (who to be fair) would have probably received Republican support too).

Hey look, it's the left/right illusion rearing it's ugly head again! I must give in to it, I must choose a side, I must bicker endlessly while the real culprits get away. Nope, not gonna do it.

Rex Tillerson > Obama.

Peace

I believe some posters are missing the point. Of course gas prices increase every summer. However that is not the issue here. The fact is, Bush (who I am not even a fan of) was blamed for this or for protecting his oil buddies, as the OP states, when everyone knows this is just what happens during summer travel time. However, when Obama is president, it's suddenly 'just the way things go during the summer' when that is all it has ever been, even with Bush.

It's an issue of media bias. Do I think it was Bush's fault oils prices skyrocketed during the summer? No. Do I think it was Obama's fault oil prices skyrocketed during the summer? No. However, the media makes it appear it was all Bush's fault when it happened but the tables turn when it happens under Obama's presidency and the truth is actually stated: It's the way it goes during the summer.

That is the point the OP is trying to get across. He's not trying to make this an issue of 'look at what Obama has done. It's all his fault.'

[edit on 6/8/2009 by AshleyD]

In my opinion, Obama is going to allow gas prices to rise above 4 bucks a gallon and then he will take over the oil industry.
As a result we will never have an arguement about off-shore drilling again because they (the oil companies) will all be run by the government.




-I'm saving my 2 cents-

Oil prices double from $34 to $68 when you isolate the period from when Obama came i. Factor in they were at their lowest level in years in January. Now at $68 that are about half what they were a year ago.

And prices are based on futures not current selling rate. $68 is not a high price in relative terms. Oil producing countries only start showing a profit on oil exporting at that level. The higher the price the more exploration and infrastructure upgrading there is.

So in a way depressed oil prices may be good for the consumer in the short term, but not for the long haul.

Mike

Originally posted by Dr Love
Hey look, it's the left/right illusion rearing it's ugly head again! I must give in to it, I must choose a side, I must bicker endlessly while the real culprits get away. Nope, not gonna do it.

Rex Tillerson > Obama.

Peace

Don't forget that it's because he's a black man too.

Honestly. Like it has been said before. Politics is here to divide us. Some people need to get that into their thick skulls. *glares in a certain direction*

And your point is?

People of ATS please realize political debate is worthless since they're 99% puppets.

Our job should be promoting real people into office not argue about this system.

Don't blame politicians, what we all should be thinking about is why in the hell we an oil producing nation have to spend so much buying foreign oil.

Now that is the one trillion dollar question.