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Oil Prices Continue To Rise Under Obama Despite Recession

On the day Barack Obama became President of the United States, the price of a barrel of crude oil was $42.50. Today, the price is $72.39 per barrel.

That’s an increase of 70 percent during the time Obama has been President.

Why the increase? We’ve seen the recession deepen, so energy demand ought to be down. Can anyone find an explanation for this?

obama crude oil price

5 comments to Oil Prices Continue To Rise Under Obama Despite Recession

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