The Effect of Obama's Energy Policies on Gas Prices
This is apples to apples. Now you are trying to compare 8 years vs 3. How many things did Bush endure compared to Obama? I am not standing up for bush, just pointing out the facts. Obama had no Katrina, yet... Obama had no 911 yet...
Wow, you actually believe this bull sh!t????????
That is the worst article I've ever seen. For example:
During the first twenty-six months of President Bush’s first term in office, the price of gasoline increased by 7%. At the end of his second term, the price had decreased by 9% from the time he took office (adjusted for inflation). During the first twenty-six months of Obama’s term in office, the price of gasoline has spiked over 67% with no relief in site.
An "apples to apples" comparison, eh
? Ok, where is the percentage spike in price during Bush's terms? It only shows the first 26 months, and then at the very end of his 2nd term when the recession was in full swing. So what happened to the MAJORITY of Bush's tenure as POTUS? The article is COMPLETELY MISSING THAT!
Then of course the article is blaming supply as the price driver. We all know that it's NOT supply. That is not the issue. Global demand is down compared to the time when prices spiked to record highs in 2008. Even our own domestic refinery capacity is not maxed out, and we currently have 11 refineries sitting idle because there is not enough demand to support bringing them online. Furthermore, during 2008 when the prices reached historic highs, global demand had already been falling. Think about it.... demand falling, supply increasing... basic economics dictates prices should fall. They didn't. Instead the prices continued to increase until there was such a huge supply that there was fewer and fewer end buyers in the market. Now all these speculators had no one to sell the oil to, and the market crashed.
The real problem of course is yet again (and I've mentioned this over and over and over and over again on this forum)..... speculation. Commodities were deregulated back in 2000, and the uncontrolled flood of speculation in the commodities market is directly to blame and is the cause for the majority of the price spikes we have seen since then, including the prices we currently see.
Seriously, dude. This is why you should avoid wingnut blogs. It's full of misinformation. And here you are trying to spread this misinformation to others. Try taking some responsibility and actually check the facts, rather than relying on pure emotion, before posting.