Everyone wants to blame "supply" for the current rise in gas prices. That is what drove prices higher in previous dramatic spikes in pricing. The fact is, we are awash in gas... we have plenty. The problem is unrestrained speculation and lots of politicians on both sides that refuse to reign in Wall Street.
They are the ones that caused the meltdown at the end of the Bush years with the speculation on real estate. Neither party has had the "testicular fortitude" to take them on and stop the casino they are running on Wall Street. The "bets' we allow them to make, by lack of regulation, are set up "heads they win, tails we lose" .
When the risks they take pay off.. they get big money, when the bets lose... we pay.
They love the fact that most people in this country are perfectly happy to blame either the Dems or GOP... and sadly we keep doing exactly that. I'm not letting any of the politicians off the hook.. they need to tell their masters on Wall Street... the party is over. (No.. I don't think it will happen with this current bunch in Washington, but I'd love it if I was wrong.)
Watch this... it's a little long.. but worth the look.
http://www.msnbc.msn.com/id/21134540...73554#42673554