Blaming Speculators for Oil Prices is a Bald Faced LIE!

Dims (in D.C. AND in the media) are -- once again -- falsely blaming so-called “speculators” (aka futures traders) for the price of gasoline (which runs in lockstep with the price of oil).

They are doing so in order to deflect attention away from the FACT that they are responsible by virtue of their decades long policy of curtailing oil supplies.

It is a quantitative FACT that the global price spikes of 2008 could have been entirely prevented (world-wide) by ANWR alone. Today is no different.

Click here and see Table 1 on page 53 documenting global demand and global supply for 2008 through 2011. The FACT is that global demand exceeded global supply in EVERY QUARTER of 2010 and 2011. That sets off a bidding war wherein somebody does not get the oil they want and everybody else pays a higher price than they would like to.

The FACT is that so-called “speculators” help to contain price volatility in situations such as this.

These LYING BASTARDS are (as always) pissing in your boot and telling you it’s raining!