Just Call Me Nostrabobus

Back on April 25th I predicted:


Prediction: if gasoline goes over $4 a gallon and stays there, Obama is toast.

Prediction 2: rather than face that scenario, Obama will empty the Strategic Petroleum Reserve in an attempt to move prices down.

Well, looks like my prediction is coming true:

Obama may open the U.S. Strategic Petroleum ResWierve to lower gasoline prices after OPEC failed to boost oil production, a spokesman said.

"He is looking at a lot of options," White House spokesman Jay Carney said after an the Organization of Petroleum Exporting Countries ended an angry meeting in disarray, threatening to cause gasoline prices to rise further.

"We believe that we are in a situation where supply is not meeting demand," Carney said, attributing the imbalance in part to the Libyan conflict, which he said has removed 1.5 million barrels a day from the market.

And who filled it for Obama? George W. Bush, that's who. Will the current President give Bush credit for doing so? Don't hold your breath.