In a word, yes.
Speaks for itself, no?
So when I hear Bill O’Reilly going on about how the oil companies are colluding to raise the prices – for no reason – it infuriates me.
First, the oil companies are NOT killing it with profits. ExxonMobile posted a profit margin of 9% in 2011. If my company ran 9% profit margins, I could not feed my family, much less pay my mortgage. I would be out of business.
The reason they show huge dollar figures is that there is a huge global market! Some $450 Billion in sales for Exxon alone! And they get 9% of it for their trouble.
Second, we’ve got Obama’s moratorium on Gulf drilling costing an estimated 160,000 jobs and untold billions of dollars.
Third, Obama thought it was a good idea NOT to allow construction of the Keystone XL Piepline, bringing gas down into the USA from Canada.
Fourth, we still have ANWR sitting untapped.
Fifth, we have “cap and tax” energy regulations, which – in Obama’s own words – will “necessarily skyrocket energy prices.”
Sixth, Obama said flat out that he wanted to bankrupt the coal industry. See for yourself:
So, are the gas prices Obama’s fault?
You’re damn right they are.