Lance at TrogloPundit tells us that oil prices are going up--not because their is a shortage--but because oil producing companies are hoarding supplies awaiting an economic turnaround. Since oil, unlike tomatoes, doesn't spoil, they can get away with it.And since the Obama administration doesn't favor a "Drill hill, drill now, pay less" strategy, get used to paying more for gasoline.
Related post:
Chicago has nation's highest gasoline prices
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Drill here, drill now
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