Let’s see. Last week it was caused by Big Oil, this week by speculators, who will it be next week? Facts are facts; it is the Environmentalists and their corrupt Democrat shills that are to blame for the price of gas.
This is just more of the same blame game that the Democrats use to focus on someone else because they are in desperate need of a villain in this picture since they are not free to move or adjust their positions on the issue. They’re basically locked into an ideological position.
Drill Now, Drill Everywhere and Drill Often! I don’t care if we have to drill through a Caribou’s head to get oil. Just do it!
Gas Prices Could Fall To $2 If Congress Acts, Analysts Say
The price of retail gasoline would fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy markets, four energy analysts told Congress on Monday. Testifying to a House Energy and Commerce Committee subcommittee, Michael Masters of Masters Capital Management said the price of crude oil would drop closer to its marginal cost of around $65 to $75 a barrel, about half the current $135. Fadel Gheit of Oppenheimer & Co., Edward Krapels of Energy Security Analysis and Roger Diwan of PFC Energy agreed with Masters’ assessment at the hearing. Other witnesses say speculators aren’t a major factor in oil prices, however.
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