If we desire speculators not to bid up oil supplies, we need to throw off our shackles and drop the restrictions on supply and demand. Speculators need a reason to believe prices will go down.
At some point I hope the show gets to detail an operation that goes as it should. Otherwise it looks like we do our job so haphazardly it’s a wonder anyone survives. I’m pretty sure our guys in the Gulf of Mexico and in the Arctic would cringe at all the spilled fluids.
With different areas of Missouri wanting different things, the best thing to do is for the state to get out of the mandatory E10 business and let individual cities decide what they want to regulate.
By acquiescing to the socialist premise that companies make “unfair” profits, McCain chops off a root from the tree of freedom. He loses leverage in the argument. He is moving the debate further away from natural reality and into the nanny state.
The American Petroleum Institute has published a free primer (PDF) called “The Truth about Oil and Gasoline,” dated June 6. Don’t let the 35 pages scare you; this nice document is chock full of easy to read graphs and surprising numbers, such as:
Weak currency effect: while the dollar price has gone up 113.15%, the euro [...]
