When George Bush was president the price of oil spiked at nearly $150 a barrel. During that time, Democrats drove their SUVs to gas stations and let them idle with the AC running while denouncing Bush and his coziness with Big Oil. Then they hopped back in their big vehicles, drove a few blocks to their offices and started investigations into gouging by oil companies.
Market forces caused the spike in prices and it had nothing to do with Big Oil gouging (which was never proven by the Democrats) but this did not stop the Democrats from calling oil executives to DC to explain why the product they sell rose in price.
The price of oil is now near $90 and it is predicted that it will go above $100 once again. The price of a gallon of gas has been rising over the weeks and will be higher this summer.
Will the Democrats call for investigations into Big Oil? Will they claim that Obama is in bed with Big Oil? Will they drive their SUVs a few blocks and let them idle while they scream about high oil prices before returning to their offices and starting investigations into price gouging?
Don’t bet on it. Obama is in office and the Democrats run the show (which they did when oil hit the highs back then) so it is unlikely that these price increases will be attributed to anything other than market forces and the greed of the oil companies.
Bush is not in office to bash and blame so they will skip the criticism.
The oil price increases could end up hurting the alleged recovery. I wonder how long it will be before oil executives will be hauled before Congress and blamed for interfering with the grand plan of the sainted one.
Then again, they could just blame Bush and Cheney. That seems to be the pattern of this regime.