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.
Author: 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.
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