Crude surpasses $123 as Democrats blame speculators

The majority of American consumers remain blissfully unaware of why the cost of crude oil and therefor diesel and gasoline, as well as home heating oil continues to rise. Until consumers and trucking executives and politicians realize the true nature of this problem there will be no compelling reason for effective action.

I think the huge rise in crude feedstock costs is quite an interesting scenario. Most of the major Oil producers and explorers are being cautious where production volume is concerned due to depletion of certain reserves and their attention on untap petroleum feedstocks such as shale , tar and investment  in upcoming renewable energy factors such as wind , biodiesel , and others. The price dynamics would...

With all commodity prices soaring and the consumer on the street being squeezed from all sides, politicians everywhere are looking to place blame. Speculation on the futures exchanges from the long side is only one of the many reasons that have caused oil prices to rise.

For a party that gets it wrong on trade, on taxes, on unions and often on foreign policy, the Democrats current finger pointing at speculation goes to show that even a blind duck finds water every once in awhile.