Government has no control over oil...
President Obama will say today in Miami that he is doing great things for long term energy independence such as reducing use and increasing production, in the same breath he will then say that the President can do little to stem the tide of high gas prices. What President Obama will forget to mention is that the recent reduction in use and increase in production are the results of a terrible economy, of which he has been at the helm for 3 years/with a fully Dem party Congress for 2, and he will neglect to mention that oil prices are driven far more by speculation, than events. He will focus on Iran and claim that the Middle East and China are to blame, what he will neglect to recall is that he cancelled a pipeline that would have crushed speculators hopes and dreams. The sheer thought of a new oil pipeline through the US would have sent the dollar per barrel price plummeting to the basement. Currently, oil price per barrel is a little higher than Saudi Arabia wants it. The Saudis are...