It's beginning to look like we've reached the bottom as far as gas prices go. That's okay with me, as long as it doesn't return to previously exorbitant rates. I'd rather spend my money on products like books and restaurant food than gasoline whose price has become overly inflated due to speculation. I suspect, however, that prices won't get so high as they did a few months ago--at least not for the reasons that they did back then. That loophole has been closed. Update 11/30/2008 : I think it important to correctly identify for the financially flummoxed what laissez faire actually means. See below. Back in June, Republicans were It's more than coincidental that gasoline prices have gone down markedly since the Enron Loophole was closed on September 30th. claiming that oil prices had been on the rise because Democrats were blocking off-shore drilling, but they didn't talk much at all about the upward effect on prices due to speculation and the pri...
Politics is seldom simple. But the truth usually is.