Why would I blame accurate speculators and our own self-imposed sanctions on Iran? That doesn't make sense. ;] Besides the government takes complete responsibility for this nonsense, we shut down 80% of our drilling. I'll get into the other reasons later too.
Bump. He says he doesn't take any money from oil companies in this ad, by the way. What a fucking liar. I mean, he's just a blatant liar. There is no other way to say it, is there? Can any Obama supporters defend this stuff, outside of "all politicians are liars"? http://www.usnews.com/news/blogs/wa...3/14/exxon-chevron-bp-greased-obamas-campaign
Looking at how the GOP is going with their presidential hopefuls, I'd say Obama will be a 2 term President.
As of today the price per barrel of crude was 110$ source and on january 23rd source the EU decided to put sanctions against Iran. Iran accounts for 5% of the world's oil at 4.1m b/d vs 84.7b/d source in December of 2011 the price was just about 100$ per barrel. I can do the math for you if you'd like, but that's a 10% increase. Twice as much as the amount of oil decrease. But I guess I was never a business major, so maybe you can explain it better? There is actually the most drilling rigs running in our countries' history (sadly) http://www.usatoday.com/money/industries/energy/story/2011-12-16/us-oil-boom/52053236/1
So are you voting for Ron Paul? E: I am disappointed in Obama, but I would never vote for any of the republican candidates for other reasons. But that doesn't mean I shouldn't vote at all.
the us exports more oil the we import, no wonder it is so expensive this way, everyone in the world has to have their petroleum transported by enormous super tanker around the world (using fuel) to get to the desired port, where they can use large pumps (using fuel) to pump the petroleum onto large trucks (using fuel) that can deliver it to your local mom and pop gas station! makes perfect sense!!
Talk to the oil industry. I'm just sharing what I have learned. Maybe Obama should tell the oil industry how to run things, that won't upset anyone right? ;]
Petroleum is a limited, finite resource that will be gone forever in our granchildren's lifetimes. The damage done to the earth by it's extraction, refinement and use is unparalleled. Biofuel is infinite in it's supply sources, less damaging in it's refinement, and less polluting in it's use. It can be made locally, with no need to ever buy it from another country. It is also far less expensive to produce and would already be our fuel source were it not for the economy-crushing subsidization of the oil industry by our government. It's a moot point anyway, since internal combustion engines will likely cease to be produced at some point in this century as electricity from solar replaces the energy world as you now know it.
