Wednesday, May 4, 2011

"Let's Blame Speculators"

"White House and congressional attacks on oil speculation do not alter the oil market's fundamental demand-and-supply reality. What would lower the long-term price of oil is for Congress to permit exploration for the estimated billions upon billions of barrels of oil off our Atlantic and Pacific Ocean shores, the Gulf of Mexico and Alaska, not to mention the estimated billions, possibly trillions, of barrels of shale oil in Wyoming, Colorado, Utah and North Dakota."

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1 comment:

FIREBIRD said...

None better than Walter E. - this man is brilliant and explains economics so even I can understand it!