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Message: <blockquote data-quote="nicky" data-source="post: 1491463" data-attributes="member: 33636"><p>LOL the fact that you believe Obama has anything to do with it is funny to me. What you have right now are gas prices that are still as high or higher than when he took over. What you are seeing is that prices got so high it became profitable to drill for oil at much deeper depths. It also made other ways of extracting oil profitable. So what does OPEC do? Nothing, they keep pumping full bore as we get our drilling online. The end result is the price of oil drops which doesnt matter to OPEC because at $50 a barrel they are still making money. But those oil companies that were making money with the more expensive extraction methods begin to not make money. At some point they will have to shut down at which point OPEC will back off production and send gas prices through the roof again. Its simple supply and demand.</p></blockquote><p></p>