Now as you can see in the link above, Obama blames high oil prices on "speculators."
"It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply. There's enough oil out there for world demand," Obama said at a campaign-style event not far from Washington.
"The problem is, is that oil is sold on these world markets, and speculators and people make various bets, and they say, 'you know what, we think that maybe there's a 20 percent chance that something might happen in the Middle East that might disrupt oil supply,'" he said.
"'So we're going to bet that oil is going to go up real high.' And that spikes up prices significantly," said the president, who recently launched his reelection campaign.
Here he is being simply dishonest, as AFP notes in the last line of its short article:
Obama's Republicans foes have pounded him over the rise in fuel prices, accusing him of putting on hold new oil drilling that could eventually lead to lower prices.
And rightly so, as the imbecilic moratorium on drilling in the Gulf of Mexico keeps speculators from factoring the onset of additional US crude into the world oil supply---a major factor in price calculations and future supply/demand situations.
History is not Obama's strong suit, and he told reporters a big dodo tale recently:
I
n an interview Monday with reporter Brad Watson of WFAA-TV of Dallas, Obama seemed to confuse the state’s current political history with its Democrat past.
“Texas has always been a pretty Republican state,” Obama said, when asked why the President was so unpopular in Texas.
In fact, since the Civil War and until 1980, the Lone Star state swung toward the Democratic candidate in 23 of 27 presidential elections.
The Minnesota State News goes on to note that Minnesota Congresswoman was fiercely criticized for misstating in Concord, NH, that she was standing where the first shots of the American Revolution were fired.
Strange, isn't it, that Obama's silly mistake wasn't even MENTIONED in the national press, whereas Bachmann's booboo was roundly shouted from every print and electronic media for days, with morons like Bill Maher and imbeciles like David Letterman calling her names, including in Maher's case a "tw*t" [obscene word for female genitalia].
How can one call Obama dishonest and stupid while still being civil? One can't, but the Demonrats stopped their civility facade weeks ago and yesterday Paul Krugman of the New York Times urged Demonrats to encourage the media to stop mollycoddling the GOP.
If the Demonrats didn't have double standards, they'd have no standards at all.
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