TOPICS: Blame for gas prices, oil company profits, changes in driving and spending, long lines vs. high prices
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Anyone who believes that Obama's actions have a direct impact on oil prices in the manner claimed by the GOP or their meatheaded parrot minions like "The Day Of" clearlyk has no understanding how the world oil market in which we participate works. Seriously. If you believe that we can simply open up ANWAR or drill a few of our "own" holes in the Gulf and somehow flood our just the USA market with so much extra gas that it will significantly depress the price at the pump and allow you to drive back and forth coast to coast all you want, then you are, quite simply, a total moron. Oil is tightly controlled and its price is extremely dependent upon and reactive to speculation. Drilling our "own" (as if we can horde it) or allowing BP and others to drill more wells and tap more reserves located within our borders will do almost nothing whatsoever to change the manner in which oil prices behave in the next couple decades.
Lastly, oil production in the US under Obama is higher than it was under Bush, which really only serves to prove the point. Bush experienced a price spike generated by speculation, just like Obama is experiencing now, and neither of them had anything to do with whether we were trying to manipulate the price of oil by changing our production habits here in the states.
US Production in barrels PER DAY
As you can see, the blather from the conservative monkeyroom about Obama decreasing or screwing up US oil production or that he needs to rapidly let us drill the heck out of Alaska or the Gulf is just that: mindless blather. Talking points designed to help giant corporations who are already screwing you lube themselves up with oil for round two,.
Another reason for the freak out? US oil consumption is down approximately 2,000 barrels per day from where it was at in 2008. Guess who hates that.