Re: No January Vacation for Congress
Supply and demand drives gas prices. With China and India now consuming more than ever before demand is up. Supply is down due to OPEC and other reasons such as reduction in the rate of new oil reserve findings. Soon we will reach peak oil and you will really know what high prices are. You might even have to sell your gas guzzling American cars and buy more efficient versions like the rest of the world.
What gives us the right to demand cheap prices for oil. if i was an OPEC country, seeing that oil is running out, i would be reducing production to maximise the return on my asset. I am sure we would be if we owned all the oil.