healthmyths
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- Sep 19, 2011
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- #21
Oil companies affect the global price of oil by limiting their production. Also, oil companies own far more drilling rights than they use; in many areas, they wait until a "suitable" global price is attained before they incur the expense of production (some areas are more costly to extract than others, and the quality of the crude is lower).
So the President actually has very, very little effect upon the actions of oil companies--let alone, the price of refined gasoline at the pump. If Willard Romney didn't know this, he's stupid. If he think he can have any material effect on prices, he's stupid. If he knows all this and misled listeners, he's a liar.
DUH
So I guess it depends on WHO is the President as to how much affect a President has on gas prices..?
High Gas Hypocrisy: Stunning 15 Times Obama and Top Dems Blame Bush For Gas Prices Now that Obama ...
[ame=http://www.youtube.com/watch?v=sQb_4hXLx2Q]15 Times Obama and Top Dems Blame Bush For Gas Prices - YouTube[/ame]