is president too blame for high oil prices?

   Ace Greenberg was just quoted on cnbc saying that blaming the president for high oil prices is like blaming him for rain. That's not completely true and although he has played a minor role in oils spike its still undeniable. Most obvious on the list is fed policy.  I understand that the fed is supposed to be an autonomous organization but reality suggests they are not, and they most probably have bowed to pressure from federal government to keep rates low which, consequently, has played a major role in oils spike. The president also took a very soft approach on "Arab spring" and that, certainly, has increased the likelihood of headline risk from the middle east. Last on the list would be blocking the keystone pipeline. I also completely acknowledge that increased demand from china and u.s  coupled with Iranian hostility have played major roles in the spike in oil and I'm merely pointing out that the president has squandered whatever small opportunity he had to assist the situation..