Obama responsible for bringing $5 per gallon gasoline

Yes he has.
http://www.huffingtonpost.com/raymond-j-learsy/president-obama-speaks-an_b_1448280.html

 

Good time to bump and say good job Obama. He has made gas and oil more affordable for everyone.

 

Lol, don't bring that stuff in here. You know if gas is at $5 then Obama is purely to blame. But if gas is at <$3, then Obama has nothing to do with it. Typical bigtexxx/conservative thinking.

 

Of course you only credit something to Obama if it's bad right? Oil priced go up - Obama is at fault! Nothing to do with supply/demand.

Oil price down, oh that's supply and demand.

 

Think again broham, your "innovation" contribution is a little fish in a big pond.

linky

Say it with me broseph: "Thank you President Obama."

 

2013 Gas Prices:

 

Most unaware "oil executive" on the planet.

 

You're being intentionally selective and misleading. The highest average retail price of regular gasoline was in 2008 at $4.11. Ok, so average price doesn't work for you? Well, admittedly gas was over $8 in rural parts of Alaska in July of 2008. But then, we should blame Bush for that, shouldn't we, as Obama was not yet president?

The moral of the story with you and your brothers here in the D&D is, and has always been: hate a man because it fits your party-line ideology. Never think for yourself and be objective when it comes to the facts. Every bad thing is attributed to that man. And when good happens, it's never because of the man you hate. It can't be.

 

Just wondering if you are a climate change/ science denier, too.

 

gasoline never surpassed $5 even in my gated community with luxury SUV's.

in fact I paid under $3 in one of the richest neighborhoods in Southern California.

did I tell you I'm rich with oil money?

Thanks, Obama.

 

Under production costs?

"at theses low prices how do we make money? volume volume volume"

Business can adapt to any condition, but what stifles it is uncertainty. The Saudi's are playing us, they let get ramped up with all the sunk costs and then, bam!, they hit us with a bust that cripples the industry.

 

If there was more supply oil prices would be lower and US drillers would have less incentive to drill. Therefore the supply would not have increased.

 

Regardless of 'rate' of production from Shale it can't yield lower prices than it costs.

 

Lol... Well of course he is.

 

bigtexxx, what is it like to be owned over and over again? What keeps your motor of misinformation and delusion running?

 

Awaiting the "Oil Executive" to come explain this one....

Maybe break out a Laffer curve graph?