Kix, The Obama admin is reducing our ability to drill domestically. Our consuption is increasing and so is the rest of the world. China is securing oil deals with the oil producing nations and we are not. This is a recipe for disaster. Yes, I too remember the higher prices under Bush but I can;t recall any actions that Bush did to reduce our ability to drill domestically. While the White House can't controll every factor globally that impacts the price of oil, it can take actions to ensure we cushion ourselves from those factors we cannot control. The one we can control (domestic drilling), this administration is negativly impacting.
Oil production and consuption will continue to fluctuate over time and prices will be impacted (up or down) from time to time. All we should expect from the administration is they do the right thing with those factors they can control. This current administration has a differant agenda. It has no desire to favorablly impact domestic production and that is the point.