"What does Obama have to do with it?"
"I originally said that I would like to see the price of a gallon of gasoline at $10.00/ gallon, but not this fast" (And especially now that I'm running for re election)
There's that little two billion dollar loan guarantee at the start of his administration that went to the company Obama 'goombah' and financier George Soros was heavily invested in, Petrobras, which just recently told the US that despite all our previous loan guarantees and soothing words from Obama "We want to be your best customer", they're just gonna sell their stuff to the Chinese.
Then there is the de facto drilling moratorium in the Gulf, one new permit issued each month? Two every six?
Then who can forget the Keystone XL pipeline? What's 20,000 jobs anyway? Do you realize just how high all of those newly employed people, with their increased demand, would push the price of a barrel of oil and consequently, the price of gasoline? Better to have them remaining on the Government dole and not out there increasing the price pressure on a gallon of gas by buying all sorts of new cars, some of them are even likely to be gas guzzlers, new televisions, refigerators, ovens, stoves, moving into new apartments, and Heaven forbid! buying new houses!
You realize that the price of a barrel of oil is set by the futures market, and a lot of that is determined by perception. If you, as a nation, don't exhibit the will to ameliorate the demand side by augmenting the supply side you're sort of subject to the vagaries of the 'Fickle Finger of Fate". Anyway, Obama's 'goombah' Georgie ought to have all of this gas price pressure thing all settled out come election time, anyway. All he's got to do is unload a couple thousand WTI or Brent North Sea Crude futures contracts onto the market below the strike price before the election and everything will be all cool for Barry. Georgies done all this before, like in 2008 when he tried to drive the price of oil to the Moon in order to help Barry first get elected.
It ain't just Media Matters that's all on board to get Obama re elected.
Are you suggesting that Obama wanted gas at 10.00/gallon? As in he said it? If so, you had better back that up with a link.
Despite this drilling in the Gulf issue, Obama has dramatically increased domestic oil production. Don't believe me? Look it up.
The XL pipeline creating 20,000 jobs is a Republican myth. The pipeline would have only created 2000 TEMPORARY jobs. Not only that, but it would have driven up prices.