Posts tagged “Obama administration”
The Claim: President Obama Has Doubled Gasoline Prices
During the Republican primaries, a number of candidates made a claim that at first glance seems improbable: That under President Obama, gasoline prices have doubled. A current advertising campaign by the American Energy Alliance repeats that claim: “Since Obama became president, gas prices have nearly doubled. Tell Obama we can’t afford his failing energy policies.” Let’s examine that claim.
A Recent History of Gasoline Prices
We all remember $4/gallon gasoline under President Bush, so how could prices have doubled under President Obama? Let’s look at the recent history of retail gasoline prices. Barack Obama was sworn in as president on January 20, 2009. In the week that ended on January 19, 2009, the weekly retail gasoline price in the U.S. was $1.90/gallon. Most people don’t remember that given the recent history of high gasoline prices, but I will get to that. CONTINUE»
Question: What do President Barack Obama and ex-President Jimmy Carter have in common? Answer: Both presided over strong increases in domestic oil production that were a result of decisions made before they took office, as I explain in this post. In my recent post The Oilman in the White House, I posted the following graphic: Is There More to this Graphic than Meets the Eye? The purpose of the graphic was to get people to think about why oil production had behaved in this manner over the past decade. A lot of people took the bait, and asked how I could possibly believe that President Obama was responsible for this rise in production given his apparent hostility toward the oil… Continue»
No, I am not talking about George W. Bush. I just finished the chapter on politics for my book, and I created a number of graphics to show the behavior of oil prices, production, imports, and consumption through the last eight presidential administrations. Here is one of the more counter-intuitive graphics that you will ever come across: Is There More to this Graphic than Meets the Eye? During the eight years of the Bush Administration, annual domestic oil production fell every year (I have a graphic in the book that makes this even clearer than the one above). During the first three years of the Obama Administration, domestic oil production has gone up every year. In the book I put… Continue»
The following guest post is from OilPrice.com. Normally I don’t add any of my own commentary to these guest essays, but in this case I would say that the idea that oil prices are manipulated by speculators is by no means limited to “left-wing blogs.” I would also add that I predicted several times before the last presidential election that whichever party won would have a hard time getting reelected, because I thought the U.S. was in for several difficult years no matter which party won. The recent elections demonstrate that the country isn’t happy, but I think it would have been the same result had John McCain won. As an aside, right after Obama was elected I wrote “I… Continue»
EPA administrator delivers “message of hope” committing the U.S. to the fight against climate change in a major departure from the former President’s policies.