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Oil is down because of Obama. Not because he wants it though. He wanted $4 gas to get Americans into hybrids and electrics for his beat up on capitalism spread the wealth fake global warming bs. So he closed federal lands to energy production. This had the initial impact of raising gas and energy prices at the worst time. During the recession, making it worse and harder to recover. What he didn't think about was the higher prices made fracking economically viable and fracking in the US on private land soared. This lowered oil prices cutting into the Saudi and OPEC nations coffers. To solve this OPEC flooded the market to try to put them out of business which is where we are today. Soon either the frackers will be out of biz or OPEC will raise. Then it's high oil prices again until federal lands are reopened adding access to 32% of the worlds oil reserves. Again, gotta be a Republican to do this.
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