Is 0bama "in bed" with big oil, like they said Bush was, and that's why i am paying $4.00 a gallon?

DING, DING, DING, DING, DING!!!!! WE HAVE A WINNER!!!!!

The US is the third largest oil producer in the world, behind only Saudi Arabia and Russia. Oil is not priced by where it comes from. The market considers all the oil together and prices it accordingly. So if the expected oil demand is 85 billions barrels a day, they will price it one way. If something happens to make that supply drop below 85 billion barrels, or even threatens to do so, the price goes up. If the US produced more oil, Saudi Arabia would cut back on her production to keep there from being an oversupply that would drive the price down. http://www.globalfirepower.com/oil-produ%E2%80%A6

Since the only thing Obama could do in the short run is order oil companies to reopen the 400K+ capped oil wells sitting idle in the US, and since that would simply cause Saudi Arabia and Russia to cut back, it would accomplish nothing.

Feel free to ignore how the market works and blame Obama if you wish. Nothing he or any other government can do will stop them from raising prices.

Here is one person's answer.

Lindsey Williams broke the following news on Alex's show

• 9-12 months... oil will hit $150- $200 barrel

• Middle East problems to escalate- big time

• By the end of 2012- the US dollar will be dead

• Arabs & OPEC to be double crossed by the NWO- end of oil for any country dependant on Arab oil!

• China and Russia WILL NOT be effected by this... they already use the Russian oil reserves.

• THEN... the US and Canada will scramble to open up the oil reserves in our own countries that they have been denied.

• Oil companies will become filthy rich as we as citizens will be paying $7-$8 a gallon for gasoline.

• Then a new currency will be instituted... the world reserve is actually based on oil NOT the US dollar.

• At this time... keep your eyes on China... we will be very vulnerable to them.

Listen here

http://www.youtube.com/watch?v=qa3X4paPCGo

http://www.youtube.com/watch?v=Db6sePbjhoQ&feature...

No president or congress in history has ever brought big oil to its knees.

Phoenix, I knew that 2 years ago. Its not hard to figure out.

Libya + Bernanke = $4.00.

Obama is a political whore , god knows how many and what hes had in his bed

as a good Yahoo right winger you should bow down to your god of supply and demand

I would refrain from calling Michelle "Big Oil", call her "Big Moocher"

obama is the biggest recipient of BP's political contribution.