When, (not if)...gas at the pumps goes back to $$$$,
Congress will be scrambling around trying to reduce
In the last five years it has been reported oil futures went from $13 billion to $300 billion. In 2008 27 barrels were traded on the NY Mercantile exchange for every one barrel consumed in the US. Speculators and manipulators gave us $4/gal gas. Since margin requirements have been stiffened the price of gas has fallen. This was one aspect that lead to financial trouble. There were/is others. All combined to give us a royal screwing. I wont say this all was planned. But I’d sure like to find some who posted that I was wrong when I pointed the finger six months ago. Not so clever now, eh boys?