March 18, 2012
Robert Reich: Why Republicans Aren't Mentioning the Real Cause of Rising Prices at the Gas Pump

robertreich:

Gas prices continue to rise, which is finally giving Republicans an issue. Mitt Romney is demanding the President open up more domestic drilling; the super PAC behind Rick Santorum just released a new ad in Louisiana blasting the President on gas prices; and the GOP is attacking the White House on…

Listen to this man, he knows what he’s talking about. Oil speculators were the reason gas prices went over $4 a gallon in 2008, and they’re the reason prices are about to do the same thing again in 2012. Will America freak out, back off their gas usage, and cause speculators to assume that prices will fall, thereby driving prices back down again? That’s what happened in fall 2008. Guess we’ll see if history repeats itself on this particular issue in 2012.

  1. impededstream reblogged this from robertreich
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  6. andrewtsks reblogged this from robertreich and added:
    this man, he knows what he’s talking about. Oil speculators were...reason gas prices went...
  7. pukomuko reblogged this from robertreich
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  10. dylanagibson reblogged this from robertreich and added:
    This is fucking horseshit.
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  14. we-are-all-made-0f-stars reblogged this from robertreich and added:
    thing …he’s on “THEIR” side.
  15. ph0e6e reblogged this from robertreich and added:
    Good knowledge to have!! READ!!!
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