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January 24th, 2012 3:50 pm
Oil Prices Up 161% Since Final Week of 2008
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During tonight’s State of the Union speech, Barack Obama will trot out his usual energy platitudes, Solyndra now excepted.

Regardless of Obama’s rhetoric, however, the real-world facts speak perfectly clearly.  Since the final week of 2008, according to the Thomson Reuters Datastream, the price per barrel of crude oil has increased an astounding 161%.  That year, Obama famously suggested that his election would mark the date on which Earth began to heal, the seas stopped rising and magic unicorns began delivering free In ‘n’ Out burgers to those of us on the east coast.  Instead, we’ve seen deficits rising, unemployment rising and oil prices rising.  As they say in Latin, “res ipsa loquitur” – “the fact speaks for itself.”   Namely, that Obama’s grandiosity and his actual performance maintain an inverse relationship.

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