Thread: Obama The damage B.O. has done
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Old 10-25-2012, 07:34 AM   #99
whoman69 whoman69 is offline
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Like most propaganda this only tells part of the story. It ignores the fact that gas prices were above $3 most of 2008. They hit a historic high of $4.12 in July 2008. They then started to plummet as the economy tanked. They were still $3.75 in September. Up until the BP spill prices were trending lower in the Obama administration than they had for the later years of the Bush administration.

It also doesn't that during the Obama administration the US production has increased which reverses a 40 year trend. Romney's statements to the contrary are only true if you only take the moratorium period after the BP spill.

The misinformation also ignores the fact that world demand for oil us way up while Obama is attempting to take US demand down. Romney's energy plans are entirely supply sided.

What has all this done? Its tripled US exports of oil to the point where the US is on the verge of being the largest exporter of oil in the world. Would you have him stop the exports? Are you a socialist?
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