[Fundguy1]

You are correct on oil production and natural gas production falling on federal lands. But your context is wrong. Oil production of federal oil production dropped, which was a much larger slice of total us oil production than private production was of us production. And effectively gulf oil production was ceased which isn't included.

Again, I challenge you to explain why then if oil prices were relatively stable for 30 years why at precisely when Obama took office did they double and remain so since? Did every Chinese and Indian buy a 2008 model car? Was there a sudden upswing doubling in permanent world oil use that year? Was that the year everyone decided terrorism was a threat to oil production? Are speculators still speculating? And I don't see any stock 335i s going 4.0 sec quarters either. Maybe with heavy mods and tunes.