Oil and Congress don’t mix

That does not mean they’re a plot designed by Big Oil (and their lackeys in the White House) to reap riches at everyone else’s expense. Attention, conspiracy theorists: Exxon does not set the price of oil. A global market of traders does. The rising price of oil is driven by real things – like growing demand, bottlenecks in refining, OPEC policy, concern about Iran, political risk in Venezuela, and speculative pressure. Nothing Congress has mentioned is going to budge any of these factors an iota.

What Congress should and shouldn’t do to lower fuel prices. Click here. [bottom of page]

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