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Well, ‘tis the season…. Yes, it’s election season again and as we all know, the candidates are in full rut mating regalia looking for “friends.” As any psychologist can tell you, one of the easiest and quickest ways to make new friends is to find a common enemy. Enter Big Oil, stage left.
In the current flux surrounding crude oil prices and the ever increasing cost of gasoline, the oil companies reporting record profits have emerged as one of the favorite whipping boys for politcos and candidates who are finding ready allies among citizens hard hit by $4/gal gasoline. Works like a charm too as long as certain facts are ignored, which they certainly are by those wishing to exploit the common-enemy avenue to secure more votes in November.
Here’s the kicker: Petroleum prices are regulated by a little thing we in the capitalistic society of America like to call “Supply and Demand.”
I know. I know. It’s a...
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