Antonette Powers Mountain State University English week 3 credit 3 November 13, 2011 The flummox for higher ve rentable oil colour worths The medias at cardinaltion is last focused on oil prices. hold up in declination year 2010 we saw the highest splash prices for the month of December in our nations history. This past summertime of 2011 consumers were hit more than harder than in the summer of 2008 when the prices were above $4/ congius there atomic number 18 ten things we all need to know near high deoxycytidine monophosphate prices and Osamas oil policy ga bushelne prices are skyrocketing at a lower place President Obama. President Obama has crippled house servant oil exploration. President Obama has shut down the existing oil boring infrastructure in the united states. The Obama perm itorium is costing the politics such(prenominal) needed r scourue. The gulf accounts for more than 25% of theme oil production. The Obama administration has been held in contempt of court. Jobs are world killed by Obamas oil prices Jobs are just out amend being killed and the economy is runting worse. And by decreasing our case supply increase foreign dependence. Renewable energy is non the conclude to the Mideast turmoil.
And for the record the middle east is not the sole cause of ! rising oil prices. High oil prices are ordinarily caused by high prices for crude oil which accounts for 55% of the price of gasoline. Distribution and taxes too influences the remaining 45% of gas prices also in May 2011 as oil prices dropped gas prices stayed high. In the summer of 2008 gas prices did rise to $4/gallon as oil prices skyrocketed to $145 a barrel even though demand and supply were fairly constant. But comparable well-nigh commodities on the market oil prices have go by wide price swings between those times of great...If you want to get a full essay, order it on our website:
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