Obviously this poster knows nothing about the current state of US Oil production. BTW, we produce more domestic oil now under Obama than we ever did under Bush. This stock wont go to 18 till they at least double the production they have now and oil is over 100 a barrel, has nothing to do with who is President. You might want to reconsider investing in Fox News instead of the oil sector.
First off, it was Bush that passed the law to support fracing, which has kept it going even though the mindless environmentalists are doing everything they can to stop it. Second, the reason we are producing more now, is because of what Bush put in place before he left, and the development of the fracing industry thanks to the law Bush put in place. Third, you may be right in the short term that it doesn't matter who is president, but it matters significantly over the long term. With Romney, the Keystone goes through. With that, the price of oil will increase for Bakken producers. With that, profits will increase significantly. Probably about $10 per barrel, or about 30%! And you don't think that matters?
You might want to reconsider investing in MSNBC instead of the oil sector.
Increases in the stock market under Obama have ato do with debt and the deficit leading to future inflation. You might as well gauge Obomanomics' success by pointing at the rise in the price of gold. Don't hold dollars as they become worthless, buy something.