The Oil Drum

I don't believe that he is making any conspiracy theories here. He just has 30 seconds to get his message out. And his message is very different from McSame as Bush: alternative energy, a resistance to rolling over for hte energy companies, and a clean look at what has to happen next. Obama's people ARE aware of the issues with oil supply going forward.

On the Exxon profits dig: that is clearly shorthand for the redistribution of wealth that is occurring, from the middle class to IOCs and the NOCs. And that level of profit is is hard to defend, unless one admits that Exxon is now a tontine that refines and distributes oil as well. It is a factually true statement, and quantifiable in a way that Saudi Aramco's profits are not.

Expect an Obama presidency to take any increase in fossil fuel taxes and use those directly to reduce fossil fuel consumption going forward, sort of the same way that we now use gasoline taxes to encourage further gasoline consumption. Obama will have a better way of delivering the message that Americans need to hear, and to make them understand why what needs to happen needs to happen. As we saw in speech about race, he has a willingness to talk to Americans as if they are adults, and they are responding to that.