Obama: High gas prices, speculators, 'greedy oil companies'

Oil Prices, Speculators, and the Fed

By Institute for Energy Research —— Bio and Archives--April 29, 2011

Global Warming-Energy-Environment | Comments | Back To Full Article

As gasoline prices continue to rise, government officials realize they had better find someone to blame to divert the public's anger. President Obama just a few weeks ago joked about the complaints, but apparently his advisors told him to be more sensitive to hurting motorists. Now the message from the White House is the familiar slogan: high gas prices are the fault of speculators and greedy oil companies.

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