.
It is not necessary to dispute the facts. Here they are:
(None of these prices adjusted for inflation.)
WTI crude oil price
below $20 - through the 80's
$41 - spike in 1990
below $20 - the majority of the '90's
$32 - Bush takes office
4 - # of weeks above $50 during first term:
(The month of October preceding the 2004 election)
$47 - beginning of second term
196 of 208/ 94% - # of weeks above $50 during second term
64 of 208/ 31% - # of weeks above $75 during second term
30 of 208/ 14% - # of weeks above $100 during second term
(Of the 12 weeks in which the weekly price was below $50, four were the first weeks of Bush's second term, then once in mid-May 2005. Oil would not be below $50/barrel until the last seven weeks of Bush's administration, from Dec. 2008 through Jan. 2009. The week before Obama took office had the second lowest crude oil prices since February 2004.)
$38.57 - Obama takes office
118 of 128/ 92% - # of weeks above $50
73 of 128/ 57% - # of weeks above $75
12 of 128/ 9% - # of weeks above $100
(The five weeks before Obama's inauguration were the only weeks the average price was below $44 in Bush's second term. The 10 weeks below $50 were in the first 14 weeks of Obama's administration. Those low prices came from the Great Recession when demand dried up.)
Quarterly average
$50 Q1 2005
$53 Q2 2005
$63 Q3 2005
$60 Q4 2005
$63 Q1 2006
$71 Q2 2006
$70 Q3 2006
$60 Q4 2006
$58 Q1 2007
$65 Q2 2007
$75 Q3 2007
$91 Q4 2007
$98 Q1 2008
$123 Q2 2008
$119 Q3 2008
$60 Q4 2008
$43 Q1 2009 .....BUSH LEFT OFFICE !!! EXACTLY WHAT I SAID
$59 Q2 2009
$68 Q3 2009
$75 Q4 2009
$79 Q1 2010
$78 Q2 2010
$76 Q3 2010
$85 Q4 2010
$93 Q1 2011
$102 Q2 2011........ OBAMA'S MOST RECENT OIL PRICE AND WHY HE RELEASED THE OIL PETROLEUM RESERVES TO BRING DOWN PRICES FOR HIS UPCOMING CAMPGAIN
These are the facts. I call BS. Originally Posted by googol^googol
