06 May 2011
John Stossel has a good article about the current gas situation and what is causing it, GASOLINE AND ONIONS. Mr. Stossel only brings up one side of it though, and doesn't mention that the Obama administration refuses to issue permits for exploration here in the United States even though we are sitting on a huge oil reserve. Obama in his infinite wisdom is now going to investigate the oil speculators. Be sure to read Mr. Stossel's article. This is history repeating itself, because we know that if this administration "investigates" something, it will end up instituting more regulations or passing more overbearing legislation detrimental to We The People. In this case, if the government outlaws oil speculation as it did with onions, expect higher gas prices as a result and the price to fluctuate even more wildly than it does now.
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