Why Did Barack Obama say this about Exxon and Big Oil?

Question

"U.S. presidential candidate Barack Obama termed Exxon's earnings "outrageous" and called for an end to the "tyranny of oil."

Is he a complete idiot? I thought he was well educated. Doesn't he know that Big Oil has nothing to do with Fuel Prices? Oil is a commodity, and with commodities the Companies do not set the prices! Wall Street Speculators set the price of Gasoline and then State and Federal Taxes are added on top of it. That is how you get your gas prices. BIG OIL has NOTHING to do with the fuel prices what so ever.

How hard is this to understand?

They have "No" Say in it. The Wall Street Speculators do.

When people in the Government think they should step in and set things and control what companies do. You then get a Socialistic and Communist Nation! So technically Obama is a Socialist and a Communist.

If Obama is such an intelligent and well educated person, then why would he say such ridiculous statements?

Answer 1

Hot d**n IM in the MONEY

Answer 2

It doesn't matter why he said that, or what he said, or when he said it. Chances are he lied.

You're right, our gas prices come from economists, and whatever the gov decides to add on. People always say "well at least our gas isn't as expensive as europe where it's 9-10 dollars a gallon..." That is because they just tax much more heavily on it.

But yeah, he's dumb.

Answer 3

Marxist tool...

Answer 4

i agree--if you look at it with an open mind he isn't equipped to be commander & chief but he is a good speaker---i'm an independent and my vote goes to McCain

Answer 5

that their profits are obcene.

Answer 6

I agree. Yeah, Exxon made 11 billion, but they never tell you that they paid 33 billion in goverment taxes. So pretty much, for every 4 dollars they made, the goverment got 3. But everyone points the finger at the oil companies.