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Originally Posted by william
You're a tool.
Prices are now being driven by speculators. Thank-you GWB and DC! The secret meetings worked!
When GWB took office, oil was at $20/gal, w/a promise to lower. Now we're at $140/gal. Strange - he's an oil man/Cheney is part of Haliburton. How does that work out? No wonder McCain is part of them.
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GWB wants more oil produced in general and more oil produced domestically in particular. Democrats have been fighting Bush on producing more oil and are against increased domestic production.
Given the above and assuming speculators are driving the price of oil (which I don't think is true), what would be the one thing that would cause speculators to immediately drive the price down?
More oil production currently, them knowing more oil will be produced in the future and them knowing the future oil will come from a stable source, i.e. not the Middle East.
So assuming speculators are driving the price of oil, who is really to blame?