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Wednesday, March 14, 2012

Obama picks wrong target

from Asia Times Online:

Obama picks wrong target: President Barack Obama is blaming speculators for the surge in gas prices in the United States, and is investigating for fraud. Yet this mess is the direct result of failed federal energy policies and could be resolved, along with creating jobs, by raising US oil production. - Peter Morici

A policy under which electricity rates will “necessarily skyrocket” and oil prices rise via Fed monetary policy imposes a costly energy tax on American consumers,

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