newman1979 wrote:No President of the US would want high oil prices.
Don't be silly. Obama pledged in 2008 to raise oil prices by imposing "tax and cap" carbon taxes on all hydrocarbons and coal.. After flip-flopping on that promise in 2010, Obama in 2012 is campaigning on raising taxes directly on oil companies in order to raise the price of gas. And Stephen Chu, Obama's energy secretary famously said he wanted US gas prices to rise to European levels (i.e. $8-9 dollars a gallon). While politically unpopular, there is a good case to be made that raising prices on US gas is the best smart way to get the US to cut back on oil use. I favor raising taxes on gas myself, if the proceeds could be fenced off from the Congress and the dopes in the Obama administration and their corrupt cronies at Solyndra and such and put into post-car infrastructure like electric trains.
newman1979 wrote:... the policies of Israel's Government are adding $10-15 a barrel to the price.
Actually, in early 2012 Obama put in place in economic sanctions that penalize the bank of any foreign country that buys Iranian Oil, in an attempt to cut off Iranian oil exports. This produced a crisis with Iran and lead to Iranian threats that if they couldn't export their oil, they would block the strait of Hormuz so no one could export their oil. Blaming Irsrael for Obama's actions is silly----Israel doesn't tell Obama what to do---the US sanctions on Iranian oil exports are 100% the responsibility of Obama.
newman1979 wrote: Oil companies themselves are run by Republicans and largely owned by Republicans, as are refiners. Why not blame them? Blame the oil traders if you want. The President is a powerful person, but not that powerful IMO.
Oil companies produce oil, but they don't set the prices. Similarly Oil Traders trade oil, but they don't control the prices. The prices are controlled by supply and demand. When Obama unilaterally imposed sanctions on Iranian Oil exports, he reduced oil supplies in a tight global market. Iran exports about 3.5 million barrels of oil a day---the loss of that oil would cause global oil prices to explode.
Fortunately, countries like China, Japan and India are finding ways to work around Obama's ill-advised sanctions regime and some Iranian oil is still getting out to the global market.