Exxon Effoff

  Republicans Full of Gas

     By now we all know that the United States consumes approx. 20% of the world’s oil while our domestic production capacity sits at 2%.  We could not drill enough oil here in America to supply our own addicted demand, much less influence world oil prices.  Yet Republican presidential hopefuls continue to blame President Obama for the spike in prices at the tank.  Newt Gingrich even goes so far as to say,  if he’s elected President, gas prices will be $2.50/gallon.  Remember when John McCain said he knew where Osama Bin Laden was?  All we had to do was elect him President and he would tell us.  Well we all know where Osama is now don’t we?

     Interesting interview yesterday.  Matt Lauer of the Today Show asked about the increase in gasoline prices.  Rex Tillerson, Chairman and CEO of Exxon (the world’s largest oil company) stated: “What drove these prices up is entirely the crude oil price.  Supply and demand is fine.  So what’s led to this most recent run-up?  Obviously concerns about the rhetoric over the closing of the Strait of Hormuz and the conflicts with Iran.”  What?  Did he just say that?  Yes, yes he did.  The 1%er confirmed that Wall  St. speculators are responsible for the drastic and sudden increases in gas prices.  Not President Obama.  So sorry Republicans, I guess it’s back to the drawing board!

p.s.  – Drill baby drill!

– L. Morales

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Comments

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