Repeating myself over and over is redundent. So here it is again.

I hate to repeat myself but once again this subject keeps dogging the political arena. And the subject is the price of gasoline at the pump. Here is a candid Q and A with Chevron’s CEO taken from today’s USA Today:

“Chevron CEO sees high oil demand, thin spare capacity By One on One, with Maria Bartiromo Oil prices have been among the few wild cards in this economic recovery. With gasoline at high levels, economists worry that any further rise in prices could zap people's disposable income and put a crimp in the economic recovery just as it is gaining traction. I caught up with one of the leading CEOs in the oil business. Chevron's John Watson says the reasons prices are high are not likely to go away anytime soon. Our interview follows, edited for clarity and length. Q: Gas prices have been rising, following the price of oil. What's causing high oil prices? A: About 75% of the price of gas is really dictated by crude oil. At the heart of the issue is increasing demand over a period of many years around the world. World crude oil consumption now is close to 90 million barrels a day. Most of the growth in demand is coming from China and the developing world. On top of that, we're seeing little spare capacity, and we're seeing tensions and pressures, primarily in the Middle East…”

Read the entire article in today’s USA Today.

This subject keeps coming up because of the highly charged political season. Or should we call it the “Silly Season?” None the less it often comes down to blaming President Obama for high gasoline prices. Kind of like blaming Betty Crocker for the high cost of Twinkies. Twinkies or Oil, all go on to the world market and is bought by the highest bidder. However in the case of oil, there often is other countries out bidding America. Usually China, India, Japan, Europe and others.

So no matter how much we “Drill Baby Drill,” all oil goes to the global market. Even if we build a pipeline from Canada to the gulf, a man from China and India is at the other end ready to out bid America.

But you say a large part of that oil is drilled in America. Absolutely! However, all big oil companies are more loyal to their stockholders and will do anything to get maximum price on the world market. Ask any CEo. As mentioned in the USA Today article a global market and tension in the middle East drives the price at the pump. Not President Obama. The president has no influence over crude oil prices. Only OPEC and the oil producers.

If President Obama forced by law the big oil companies to keep domestically produced oil in America and sell at lower prices, he would be blasted by double barrels from the World Marketeers for inhibiting a free World market. So talk to your big oil CEo and ask them to lower prices. It would be like talking to the Great Wall of China. Drill baby drill is a bunch of hooey and all of President Obama’s detractors are engaged in truth bending and lies. Mit Romney being one of them. He and others will do or say anything to win the presidency.

This is not a Republican versus Democrat issue. It’s a basic economic principle. Look this up for yourself. Read the above article. Do your own homework and find the truth.