"Renaissance Thinking About the Issues of Our Day"
OIL PRICES
Submitted by Greg Kramer on 21. February 2012 - 17:03
Oil prices in the US are set per the West Texas price or by hedging or by purchasing long term contracts. Since we buy our oil on a world market and prices are set by contracts, some speculation or West Texas crude, to suggest that there is a conspiracy or big oil is out to get Obama is sophistry and borders on guile when making comments such as this.
Thom, I suggest you perform more research.
Regards,
Greg Kramer
Comments
The same additional research should also be performed when lecturing the audience on the health of the Social Security Trust fund, medicare in shambles, the Canadian health care program, capital gains taxes and the risks involved in investing, 401k's, IRA's, the cause of the Greek economy collapse, among a dozen or so other assprted topics. Accurate information is far different than socialist orations, but that makes for boring radio.