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Obama Blames Speculators for High Oil Prices

Mr. Obama blames speculators for driving oil prices higher and picking the pockets of American consumer. There is more than enough oil in the world markets to meet demand.

I know that if you’ve got a limited budget and you just watch that hard-earned money going away to oil companies that will once again probably make record profits this quarter, it’s pretty frustrating,” he said.

U.S. Energy Secretary Steven Chu said on Tuesday he was concerned that rising crude oil and gasoline prices could undermine U.S. economic recovery

The US government is going to investigate unfair speculation.

Have at it, boys!

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