Obama on gas: “…they don’t need an additional incentive when gas is $3.75 a gallon, when oil is $1.20 a barrel…”

Obama on gas prices: “…they don’t need an additional incentive when gas is $3.75 a gallon, when oil is $1.20 a barrel…” The $1.20/barrel number comes from the official WH transcript of his speech – he could have meant $120. Even so, nobody can figure out what the hell point he’s trying to make about the cost of a input barrel of oil and an output gallon of gas. Likely the oil industry is, like soooo much else, just another thing he has no freaking clue whatsoever about. (Relevant text about 11:45 in.) Official WH transcript here.

This post was last modified on June 26, 2021

Bonfire of the Absurdities: After 35 year career writing software for IBM mainframes, am now self-employed contractor thinking of joining a union and striking for higher wages. Cured morbid fear of heights when I learned to look at them as lengths standing on end. Uncompromising in refusal to accept browser cookies. Amateur investor who has accumulated a small fortune in the market after starting out years ago with a large one. For recreation, I run, hike, kayak and play tennis but will not consider synchronized swimming under any circumstances.

View Comments (20)

  • i read the other day that oil co. don't get incentives. did i misread, or is zerobama lying again?

  • You always have to look deeper to see the truth in his words... You just didn't get the memo that the quantity a "new barrel" has been changed to "2.18 gallons per" recently...

    So $1.20 a barrel is correct now! See how easy it is?

  • He thinks a decimal point is a town somewhere in Idaho....I bet he and Biden couldn't find Idaho on a map with the FBI's help...

  • I saw that picture and something popped into my head from long ago...
    "I am the Great Assholio! I need G.E. for my bunghole!"
    It just seemed to fit so well.

  • Is there something wrong with me that whenever I see his fake ass smile I want to punch him in the face and then pummel him to the ground and then spit on him?

      • No, it's the free persons inherent dislike of Socialists and nanny statists.
        It has nothing to with color or race or the phony "war on women".
        When you are aware of how much you have to lose to these bad people doing bad things, hating them is natural and normal.

        • Thank you grayjohn. I disliked Obama the first I saw him on TV and at the time I didn't know why. I was sick of him three months into his Presidency and wanted him to go away. He is still a mystery on a lot of his past and no one (outside of conservatives) have a problem with that. In an era where we know TMI about people that concerns me.

  • I heard the boy genius even attended Harvard!!! Keep it up Comrade, your class idiot status won't keep you out of the prison jumpsuit.

    • Musicians & comedians can get the city right, so that's not impressive. For Biden maybe, but not Obama.

  • There is no reason gas should'nt cost around $2 a gallon. Every dime over that is the fault of the gov't. ALL OF IT.

  • Correct your texts. The Smartest President In History says oil is now $1.20/barrel, and the chocolate ration has been increased to 4 grams/wk.

  • Obama has no idea what he's talking about, his ignorance of the subject is complete. The man is an economic imbecile, but his lies, half-truths and inane babblings are covered up by a sympathetic MSM.

    Obama must be defeated this November, four more years of his misrule would be ruination of this country.