We don't doubt that Big Oil has its money on the Republicans and Mitt Romney when push comes to shove. But we noted back in 2008 that the reigning petro-oligarchs were deftly playing both sides in the presidential race. The nature of the game is that no matter who gets in, the petro-oligarchs win. But a part of the game is that Romney gets to bait Obama as a Green Stalin for suggesting that some remnants of federal oversight over the oil industry be retained—which only causes Obama to capitulate yet further. In terms of actual policy on oil and energy, the difference between the two parties has been narrowing almost from the moment Obama took office, until today it is vanishingly small. From AP, Aug. 23:

It hasn't won the merest fraction of the coverage enjoyed by the London Olympics, but last week's massive Chevron oil refinery fire in Richmond, Calif., sent hundreds of people rushing to hospitals, darkened the skies over East Bay, and has gasoline prices headed back up towards $4 a gallon. AP notes this "was just the latest pollution incident at the facility that records show has increasingly violated air quality rules over the past five years. The refinery is one of three such facilities near San Francisco that rank among the state's top 10 emitters of toxic chemicals, according to the US Environmental Protection Agency's Toxic Release Inventory. Chevron's Richmond refinery...has been cited by San Francisco Bay area regulators for violating air regulations 93 times in the past five years."