Chip Wilder writing at Jeff Pelline’s Blob, on November 10, 2014 at 10:35 am
The right wing were quick to blame Obama for High gas prices, who do they thank when it’s low?
Why would we thank Obama for the low gas prices, since he did not have any thing to do with the prices coming down? That is unless he was responsible for helping the EU economy slow down and come to the brink of another recession, reducing demand for oil.
Obama’s EPA and DOE have done everything possible to prevent oil and gas drilling on federal property. The Americas current oil has come from private and state lands, free from Obama’s tampering.
The price of oil is based on the supply in the market. American companies are using fracking technology to produce a surplus of oil in the market, forcing the Arab nations to lower their prices. Obama has nothing to do with that — nothing!
The drop in fuel prices will help cushion the jump in prices, forced by CARB’s Cap and Trade scam, 1 Jan 2015, which is less than 60 days away.