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0bama doubles oil price since Bush left office. Is he trying to end hopes for recovery with $4 gasoline?
Would his approval rating stay high at $7/gallon?
Why were Dems upset about Bush doing this but they like it when 0bama does it?
13 Answers
- Anonymous1 decade agoFavorite Answer
OPEC has reduced the supply of oil to raise the price. Obama has almost no control over that.
- 1 decade ago
Isn't this a big laugh. The very first answer from Glenna, most likely a democrat with her answer. Now that the president is a democrat the president has no influence on the price of oil. Only when Bush was president was it all the presidents fault. Never changes does it. Just look at the answers above. What would they all be saying if a republican was in office. That's right you guessed it. They would be saying its the presidents fault, yes these very same people on this page.
Source(s): TO ANSWER YOUR QUESTION LEROY, THEY ARE SICK AND NEED PRAYER. WE AS HUMANS CANNOT HELP THEM BUT GOD CAN. - Michael DLv 71 decade ago
the government wants higher gas. their agenda with owning GM is that we will all drive the same car. also the government gets a percentage of the price of gas with taxes. they make about 7 times what the oil company's make on a gallon of gas or diesel. you have to be either real nieve or real stupid to not see what is going on. tobacco taxes go up by 500% with no explenation. i don't smoke but that is just one thing that has gone up with taxes and what will continue to go up just for taxes. the less we have the more control they have. now that we are further and further in debt around the world geitner is going to different country's hoping they will buy our debt. no one wants it because we are simply printing money out of thin air because we have exhausted our credit line. the chinese students didn't laugh at him because he was telling jokes. c'mon read history this happened before in germany right before hitler came in and "saved" germany.
- TATLv 71 decade ago
During Bush's administration he was blamed for the price of gas. But Obama will not be blamed. Truth is that presidents don't control the price of gas. OPEC and the demand for oil do. The Congress can impact the price of gas by raising taxes. The govt makes more on a gallon of gas than the "evil" oil companies.
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- 1 decade ago
Obama has little influence on the price of oil however the real influence in speculators which drive the prices up and Obama could impose regulations on speculators.
- oohhbotherLv 71 decade ago
The oil prices are increasing because oil speculators are of the opinion that an economic recovery will push demand back up.
Go ahead and hope for economic ruin like Rush if you must have something to blame on Obama, though.
- Anonymous1 decade ago
The price of gas was twice as high under Bush as it is now. Stop your whining.
- 5 years ago
No, yet i did attempt and many circumstances to consume soup with a spoon, particularly if a soup is thick (you may thicken the soup effectively by making use of including some flour). It takes extra time, so I savour it longer
- mustagmeLv 71 decade ago
Only supply and demand affect the price of oil. Nothing else. Right now, demand is rising due to summer months driving, OPEC not increasing supply, and foreign economic climates changing for the better.