Wednesday, April 28, 2010

Is the US government doing anything to stop the spike in price of crude oil?

Other than making life more difficult for speculators (which should be done - according to Alan Greenspan, market speculation is costing us $10 - 15 per barrel), what do you have in mind? Declaring war on Saudi Arabia and Venezuela?Is the US government doing anything to stop the spike in price of crude oil?
Nothing. there was some talk about at least not adding oil to the strategic reserves, but i don't think it went anywhere. they need to go even farther and actually release some strategic reserves.Is the US government doing anything to stop the spike in price of crude oil?
Put some caps on fuel prices through our own speculators

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