Thread: Obama The damage B.O. has done
View Single Post
Old 10-25-2012, 08:02 AM   #100
Chief Faithful Chief Faithful is offline
Predicting Chiefs Victory
 
Chief Faithful's Avatar
 

Join Date: Sep 2001
Casino cash: $41451
Quote:
Originally Posted by whoman69 View Post
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?
You forget to mention Obama stated in his first year as President after prices went back up that he thought $4 a gallon of gas was a good price because it spurred green energy development. His only wish was that it had not reach that level so quickly. It is the middle class that is getting crushed by his policy.

Romney never had contrary statements about US oil production recently on the rise instead he correctly qualifies the increase is due to private drilling and Hydraulic Fracturing. The only thing Obama has done is try and take away oil tax incentives, reduce public land licenses by almost half and prevent the construction of the Canadian pipeline. Oil production is up inspite of the Presidents efforts.

I will give Obama credit for one thing, he did not block the approval of construction for a new oil refinery. This is the first approval in 30 years.
Posts: 4,259
Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.Chief Faithful has just been standing around suckin' on a big ol' chili dog.
  Reply With Quote