re: WSJ Market Watch Opinion: If Iraqi oil goes off line, $200 oil is next

quote:

---

What is so funny? It was $1.87 when he came into office....currently $3.70ish.

---

Again.... It was $4+ while Bush was in office as well. It plummeted his last 6 months due to a struggling economy.

Right now the U.S. produces roughly $130 million worth of crude oil per day in the Gulf alone. If you think rising business cost due to increased safety regulations equates to a price hike of $2 per gallon at the pump, then you are a moron.

Oil is by far and away a global resource that the U.S. President can do very little to influence.

Just read any number of economic articles discussing the issue. It's a popular arguing point amongst fighting parties, that's it.