Obama has made many efforts in getting oil prices coming down. In 2011, Obama called for end of subsidies in 2011 budget, which was a big step to energy security. In April 2012, Obama announced a $52 billion plan to limit oil market speculation.
But from the current oil prices we cannot see any effect because the prices are still very high. Maybe the issue is just too hard to solve.
The problem of oil always remains hugely controversial. American even once started some wars over the oil market, the Per-sian Gulf , for example. Whatever, I hope China can learn a lesson from the USA and handle this issue well.


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