Better Markets' Dennis Kelleher posted article on MONEY.CNN.COM laying the blame for high gasoline prices squarely on SPECULATORS. He estimates they account for 70% of the "action" in commodities/futures trading!
I suspect that the oil companies support this as a "win-win-win" situation: higher gasoline prices make more money for them, plus they dampen the economy to help GOP cronies corral displeasure for Obama and thus win in the presidential election!
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