Deafening Silence from Obama on OIL

REMEMBER when oil price was nearly $110 a barrel in February and Pres Obama was yelling at speculators, how they controlled the market, how they were unduly profiting from oil price increases? How $4 a gallon gasoline wasn't his fault. I was critical of him on Facebook for his pitiful understanding of economics. His obvious lack of sophistication in markets is profound. Now oil is down around $83 and gasoline is UNDER $3 in some states (who don't have insane left wing governments like Illinois). I haven't heard a peep. The oil price fall is because speculators don't have confidence in the world economy and it's ability to use all the oil being produced. $3 gasoline isn't to his credit either. It's the economy. I wish he would stop the blaming and demagoguery. It's frankly makes him look stupid and the people that actually believe him appear weak minded. IF he had a few market savvy advisers rather than all those pointy headed academics on his staff, maybe he could sound a bit more intelligent. SMH.