Timing was right. Dumb luck beats science.

Number of major US Hurricanes that damaged oil fields and off shore rigs was down.

Oil companies that had many off shore rigs off line for repairs and modernization have completed the work.

Oil companies became more efficient with production as platforms have been modernized.

Me thinks Obama just happened to be in the right place at the right time and was just "present for duty" as a non-participating observer as the situation corrected itself.

But as Hilary would say "What difference does it make".

As long as prices are down and supplies are up the Middle East has less control over controlling the world market and simply now has to compete with US produced reserves. Competition in the market place and production efficiency, and a dose of Father time mixed with a little less interference by Mother Nature I think enabled the oil companies to improve the situation for us despite Mr Obama. But I give Obama credit, he didn't interfere with the recovery.