Wednesday, March 28, 2012

Prepare for a New Era of Oil Shocks

Martin Wolf, Financial Times
Oil prices are up. Barack Obama is to blame. Drilling in the US is the solution. This is the mantra from the president’s opponents. All presidents tend to get the blame for high fuel prices. But with the price of gasoline nearing $4 a gallon, Mr Obama is getting it by the barrel load.

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