Wow, how the sheep have spoken. Monetary policy is not the biggest factor
driving prices of oil higher. The real issue is supply and demand with the added
geo-political issues in the Middle East whic allow energy futures traders to
speculate futures prices higher. Also, the Keystone Pipeline construction would
not be complete for nearly 20 yrs, which would provide absolutely nothing in
terms of reducing the short term costs of oil, additionally the Obama
adminstration to approve construction of portions of the pipe line, the sections
that were not approved were not approved by their state leaders, wow respecting
states right, who'd thunk?
Obama's really helped out here...a summer ending with gas prices
approaching $4/gallon again. Yet his charisma seems to be keeping him in the
Presidential race. As things continue to degrade as we approach the election
he'll have a hard time hanging on...
Should have approved the Keystone pipeline! Millions of jobs and millions of
gallons of oil now going to China! Time for change, unless you actually enjoy
being unemployed and broke! If not, vote for Mitt Romney!
How can this be? I thought we had change we could believe in? Gosh, are we
headed in the right direction.......? Gas was pricey ALL year long, with no
drop for winter, reduced demand, etc. That just shows it isn't a free
market commmodity.Thanks, current administration.......for nothing.