JED
2008-05-27 14:21:27
The short answer is that we are being hosed. The longer answer is that there is a larger list of suspects: Speculators, OPEC, Russian OPEC,Govt. regulations and officials, Big Oil, terrorist threats, extreme enviromentalists, and the consumer.
I tend to look at the speculators building commodity pyramids and driving the news as the prime suspect. They could put their trillions into something useful like nuclear energy. Money is usually the motive.
A lack of an energy policy is decades old and those clues and culprits go to congress. Maybe this crisis will not be obfuscated in the bipartisan blame game.
