Crude got upto $147 under Bush. Obama promised to stop Guantanamo and pull the troops out of Iraq & Afghanistan.
Hasn't happened, so crude didnt stay down at the $34 it got down to just a few months back after that $147 high.
The only difference between Bush and Obama is that at least Bush was actually expected to bring about $100+ crude on his watch. Remember his beaten Opponent John Kerry? "A vote for Bush is a vote for $100 Oil" or something I believe he said during the 2004 election campaign...
Inflation geared by QE2 is calling the shots across the commodity spectrum. Stop that tomorrow, go into an honest depression, and watch the price of everything deflate as it should.