Who caused gas prices to go up more, Obama or Bush?

[pvsi.]

This theard is not meant in defence of Obama, (since he didn't help either) but rather to avoid repeating our recent American history of electing more of the same (People VS media)

 

[Mr.Nick]

Commodity trading is based on economies .....

 

[Flopper]

A US president has little control over world oil prices.

 

[Dragon]

Who caused the sun to rise, the rooster or the songbird?

 

[Remodeling Maidiac]

What a stupid topic. Without BIG SERIOUS investments in oil here at home we have little impact on the market. Both presidents had a failed energy policy, although Obamas has cost us taxpayers a fortune in failed investments that had little to do with oil or gas.

 

[bitterlyclingin]

The price of a barrel of oil reached $150/barrel somewhere in the vicinity of July, 2008. The Tennesse Republican Party then began selling bumper stickers reading "Your Wallet! The only place the Democrats want to drill!"The Democratic Party's favorability started falling off in the polls and suddenly the price of a barrel of oil was at $30/barrel.
Barack Obama received more of Wall Street's money in 2008 than GOP candidate John McCain. Barack Obama's mentor and financial backer, George Soros was intimately familiar then with the workings of the futures market. You don't suppose......?
There will be a definite correlation between Barack Obama's future poll standings and the price of a barrel of oil, with the price of oil conceivably reaching into the twentys before the next election. Anything goes to get Barry a second term. What do you think OWS, Barack Obama's TwentyFirst Century Brownshirts, his very own TwentyFirst century SA, is there for? Cake Decoration?

 

[bripat9643]

Who caused the sun to rise, the rooster or the songbird?

Nevertheless, Democrats were blaming Bush for the increase in gas prices during his administration. You're just admitting they are a gang of lying scumbag propagandists.

 

[R.C. Christian]

Neither.

 

[Mr. Shaman]

Commodity trading is based on economies .....

....And, LACK of federal-regulations to....

....avoid
ABUSE/VULTURE-CAPITALI$M!!!!!

Stupid Teabaggers.​

 

[waltky]

Uncle Ferd says dat means gas prices gonna go up...

Oil Prices Surge as Iran Ups Threats
01/03/12 - Oil prices surged Tuesday as Iranian missile test-fires and new threats added to concern that tension in the Strait of Hormuz may disrupt the delivery of crude oil to the U.S. and Europe.

West Texas Intermediate (WTI) light sweet crude oil for February delivery climbed $4.13 to settle at $102.96, its highest price in 10 months. The February Brent contract advanced $4.75 to $112.13. Oil surged in the first day of trading in 2012 after the test-firing of two cruise missiles by Iran on Monday. More aggressive threats Tuesday heightened fears that tensions between the Middle Eastern country and the U.S. will continue to escalate and lead to disruption in delivery of the fuel.

The missile tests came on the second-to-last day of a 10-day naval exercise scheduled by Iran to show that the Strait of Hormuz is "completely under our control," Adm. Habibollah Sayyari of the Iranian navy said. This latest show of strength comes after Iran threatened to close the strait -- through which 17 million barrels of crude oil exports travel each day -- in retaliation to new U.S. economic sanctions over Iran's nuclear program.

On Tuesday Iran, the Organization of Petroleum Exporting Countries' second-largest producer of the fuel, threatened to take further action if the U.S. moves an aircraft carrier into the Persian Gulf. U.S. led sanctions against Iran's oil industry have helped push the country's currency to its lowest level ever against the dollar in the past few weeks. The U.S. has remained firm in its response. "The deployment of U.S. military assets in the Persian Gulf region will continue as it has for decades," said Pentagon spokesman George Little.

Oil prices were also helped higher by improving manufacturing data in the U.S., China and India that eased concerns about dwindling demand in the world's largest and fastest growing economies. In the U.S., the Institute for Supply Management reported that its manufacturing index rose to 53.9 in December from 52.7 in November. Economists polled by Thomson Reuters expected the index to come in at 53.2. Readings of more than 50 indicate economic expansion. In Asia, India's manufacturing grew at the fastest rate in six months and Chinese manufacturing rose more than expected to reverse a decline in the prior month.

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