Fuel Prices up 100% under Obama....

[Ban Hammer 13,486]

Some of these post are funny. A few years back BP had drillers do 42 taps (drills) up on the slope and hit oil all 42 times. Everyone of those wells is capped off. When the price of crude went down over a thousand guys on the slope got layed off. They even closed a refinery up here saying there wasn't enough demand yet our price at the pump has went up. Diesel fuel..the cheapest and easiest to produce, yet it cost the most. Don't be bull sh*tted...we have tons of oil here in the states, it's the oil company's who choose to rape us. The flow of crude in the Alaska pipe line has taken a nose dive over the years and oil company's say it's because they are running out of oil to keep it at capacity. That's bs also. You cap off wells then ####### is going on with the oil in said well ? Again when Bush left office, and left this country in shambles...and he did, oil was rock bottom...so that's when Conoco, BP, Shell, etc... started turning off the taps up here.

So ya, who's fault is it that the oil company's lie through their teeth saying they don't have enough oil to keep prices down yet they have capped off some of the biggest finds to date.

And who's going to do something about it ? The oil company's owned Bush like he was a $20 crack h0, and Obama is no different. He hasn't got us out of either wars, he just started a new one for us. Peeps talk about the deficit yet we are fighting three very costly wars atm for the oil company's. If anything they are America's Pimp Daddy.

don't forget propane - the oil companies make a killing on that. the higher the price for a gallon of gas, the higher the price for a gallon of propane.

[mawilson 2,133]

Oil is traded on the U.S. dollar. As the value of the dollar drops against other currencies

It didn't. The value of the dollar relative to other currencies has remained more or less the same over the past two years.

[Trumplestiltskin 5,791]

Oil is traded on the U.S. dollar. As the value of the dollar drops against other currencies, international oil producers raise the price to maintain their profit and purchasing levels. The dollar buys less ... so everything costs more.

Economics are complex, who knew.

[Zero Sum 305]

He didn't like that I pointed out his typo. He also didn't like the title of the OP even though it is factual. So he is saying that I got in the way of his barbs aimed at the OP because I dared to poke a little fun at him. The bottom line is that Obama is just as bad as all the other presidents over the last 40 years. I guess he just didn't want Obama lumped in with them.

This means you are a LWN.