Feb 24th, 2012
It's the speculation in commodities markets which is to blame for the recent explosion in gas prices.
Period.
While the "conservative" media is blaming the President, the irony here is that the solution is the exact sort of regulation his detractors would scream bloody "Communism" over.
Kevin G. Hall lays out the facts:
"U.S. demand for oil and refined products — including gasoline — is down sharply from last year, so much that United States has actually become a net exporter of gasoline, unable to consume all that it makes.
Yet oil and gasoline prices are surging.
On Tuesday, oil rose past $106 a barrel and gasoline averaged $3.57 a gallon — thanks again in no small part to rampant financial speculation on top of fears of supply disruptions."
Showing posts with label gas proces. Show all posts
Showing posts with label gas proces. Show all posts
Friday, February 24, 2012
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