April 30, 2008

TOO BAD PRICE HAS NOTHING TO DO WITH SUPPLY:

Oil drops as demand falls amid supply growth expectations (JOHN WILEN, 4/29/08, AP)

Oil prices fell more than $3 a barrel Tuesday as the market absorbed data showing demand is falling even as supplies are rising.

If politicians were serious about gouging they'd crank gas taxes and, thereby, force companies to lower their profit margins.

Posted by Orrin Judd at April 30, 2008 7:39 AM
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