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About a week ago, when I had just filled up my tank at $1.75 per gallon, I was talking with a friend of mine and we were laughing because we wanted to know where all the grandstanding and hyperbole about “the speculators” had gone.
Why do we find this so funny? Because it wasn’t that long ago (just a few months) that the Has-been Media (MSM) reported on it every 3 minutes and anyone in politics (see here and here) were “gonna do something” about THOSE speculators and all THAT speculating!
What happened? Why all the sudden silence on such an important “issue?”
No “windfall profits” tax was levied against the oil companies. Congress didn’t enact a bunch of new regulations on speculators. We didn’t even get a “tax holiday.”
So … without any “help” (and I use that term loosely) from Washington, and absent vengeful (but politically appealing) “crack-downs” on Big Oil and/or those stinkin’ speculators, how did the price at the pump drop so low so fast?







