That's what happens when you take the limits off the oil industry's ability to export, which encourages profit-seeking, compensate by draining the strategic petroleum reserve, & hope that fears of demand destruction will keep the whole mess from exploding.
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Ryan C. Smith
Oil industry executives uniformly believe that the US will witness a sharp spike in gasoline prices at the pump in the course of this summer, but they re suppressing discussion of this view. The spike follows market forces which can no longer be reversed. www.washingtonpost.com/politics/202...
www.washingtonpost.com
Grim predictions add to the problems of a president already facing a sharp rise in inflation.
