Showing posts with label oil-prices. Show all posts
Showing posts with label oil-prices. Show all posts

Friday, April 29, 2011

Obama Gas Protest

When George Bush sat in the oval office gas prices climbed to $3.00 a gallon and the media was ready to bring criminal charges. The media made false claims that Bush and Cheney were colluding with the oil companies to raise prices. I will admit that they didn’t let the speculators go unchallenged. What we did learn from the facts is that when Bush lifted the drilling ban on our coasts, the price per barrel of oil dropped $20 within three months.
Since the election of Barack Obama gas prices have doubled. The media has yet to blame the president for any increase. The blame has been put squarely on the shoulders of speculators and the turmoil in the Middle East. No doubt the Middle Eastern turmoil is one of the factors for higher oil and gas prices, but there is a greater cause, and that is the drilling moratorium.