Can't you libs be satisfied? Y'all have your little shoe boxes getting 40+ miles to the gallon, this would mean the oil companies are selling less gas to our national market.Energy Market Manipulation
TEXAS REPUBLICAN SENATOR PHIL GRAMM & ENRON MANIPULATING OIL PRICES./ Michael Greenberger, Former Director, Commodities Future Trading Commission 1997-1999./ June 24, 2008
Michael Greenberger discusses the role of unregulated oil speculators on the buying and selling of oil futures. He says legislation passed in 2000 created an environment where oil speculators influence the current day price of oil and other crude products.
Some states are bitching that their revenue from fuel taxes has dropped significantly and are thinking of placing a tax on miles driven per year.
Looks like the consumer will get screwed either way, either by the oil companies or the government!
Me, I would regulate the price per barrel at $35.00 within the US and bring back the gas guzzlers.