McClatchy News:
WASHINGTON — When oil prices hit a record $147 a barrel in July 2008, the Bush administration leaned on Saudi Arabia to pump more crude in hopes that a flood of new crude would drive the price down. The Saudis complied, but not before warning that oil already was plentiful and that Wall Street speculation, not a shortage of oil, was driving up prices.
Read more here: http://www.mcclatchydc.com/2011/05/25/114759/wikileaks-saudis-often-warned.html#storylink=omni_popular#storylink=cpy
Read more here: http://www.mcclatchydc.com/2011/05/25/114759/wikileaks-saudis-often-warned.html#storylink=omni_popular#storylink=cpy
I've always contended the excuses given for high gas prices are crap.
ReplyDeleteIt's been my belief for many years that oil speculators are THE MAIN REASON consumers get jerked around like a puppet.
They should be held accountable for tanking our economy every time they go on a greed binge!
Everyone talks...but no one does anything.
I watched a movie called "Inside Job" tonight. On the entire subject of what the heck is going on, I suggest watching the movie.
ReplyDeleteHousing is gone and now the banksters are betting on our food and energy. Monsanto just won a lawsuit allowing them to patent seeds and make those that save and share them criminals.
ReplyDelete