Every dollar that’s been spent on crude oil above the 35-45 a bbl range has been nothing more than speculator greed tax. This is a long overdue and very good thing.
This is the problem for Republicans - they did not notice or did not care that working men and women, that business owners are paying for speculation which is not about the market of supply and demand of oil. Thus they let people trade oil on futures and margins with a tiny amount at risk - that kills the true market. The Republicans should have been all over this topic years ago when the rules of the market got out of hand.