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It was OK for Dems back then

It was OK for Dems back then | $100 per barrel of oil for
3 weeks under Trump; Democrats; $100 per barrel of oil for
3 years under Obama | image tagged in no - yes,liberal logic | made w/ Imgflip meme maker
822 views 45 upvotes Made by 7.ups 3 weeks ago in politics
16 Comments
5 ups, 3w,
1 reply
made w/ Imgflip meme maker
3 ups, 3w,
1 reply
It just shows the traitors in the demonrat party will blindly follow their leaders.
3 ups, 3w
Blindman | Vote blue No matter who | image tagged in blindman | made w/ Imgflip meme maker
1 up, 3w
made w/ Imgflip meme maker
0 ups, 3w,
2 replies
What drove the $100 per barrel for each administration?

Do you know?

Because there are some specific events that happened during each administration that drove those prices.
1 up, 3w,
1 reply
You mean like the seven months of military action against Libya during the Obama administration?
0 ups, 3w,
2 replies
No. I mean like how British & Norweigian oil fields were drawn down from producing 1.7 million barrels (british) to 1.1 million and 2.7 million down to 2.1 for Norway. Why is that important? Because we imported 10% of BRENT oil that we use for gasoline from those 2 countries.

Remind me, what happens when demand remains the same but supply gets smaller? Does it remain the same, go down, or go up?

Did Obama cause any of that by attacking Libya?

Now let's contrast that with Trump. He attacked Iran. Which has shut down the Strait of Hormuz. Which has resulted in restricting the world's oil & natural gas supply by... 20%.

Not just the US, but the whole ass world.

What do you think will happen to the cost per barrel when the whole world's oil supply is suddently restricted by 20%?
2 ups, 3w
First things first. We still have weeks before the slowdown of oil even hits the market. It takes 7 weeks to get from Iran to here. Right now any increase in price is purely speculative investors driving the price up.
1 up, 3w,
1 reply
“Did Obama cause any of that by attacking Libya?”
Yes, it may not have been the only factor but it most certainly contributed.
0 ups, 3w,
1 reply
Oh? Explain how. feel free to use as many visual aids or graphs as you need.
1 up, 3w
Seriously? You need it spoon fed to you? It disrupted Libya’s oil production for one thing. Do your own research, unless you’re too afraid of what you’ll find without a debate.
0 ups, 3w,
1 reply
Is it ….. conflict?? With large oil controlling or producing countries?
0 ups, 3w,
1 reply
Exactly. The price of oil is being driven up by Trump's decision to attack Iran. They shut down the strait in response. And now they're attacking the infrastructure around the gulf. They hit an aluminum refinery this weekend, which is going to push prices on aluminum higher.

Normally, I'd say that President's don't control the price of oil. But in this specific instance... Trump did this.
1 up, 3w
Oh yeah, I’m sure that Trump intentionally wanted to raise the price of oil. 🙄
If it wasn’t intentional then you’re claim that he controls the price of oil is bunk.
0 ups, 3w,
1 reply
What about when it was under 40 bucks in 15-16?
1 up, 3w
What about it? The point is, Dems are making a big deal about the price of oil for only 3 weeks while ignoring 3 years of high oil prices during the Obama administration.
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$100 per barrel of oil for 3 weeks under Trump; Democrats; $100 per barrel of oil for 3 years under Obama