FEEDOil breached $135/barrel for the first time ever wrecking havoc in the Stock Market, in Congress and on Main Street. Fingers are pointing left and right on why oil prices are seemingly out of control. CNBC conducted a poll “Tell Us: Who’s to Blame for America’s Oil Crisis?” In their poll, Congress is the leading culprit.
Congress has its own opinion and Big Oil is squarely in the bulls-eye. In a demonstration of their concern, they marched the oil company executives in for a round of questioning this past week. The hyperbole is even louder on the campaign trail as increased taxation on the oil companies is shouted every day. Apparently the CNBC crowd hasn’t bought into this rhetoric, but if that poll was conducted on a general news outlet - I would bet that Big Oil is public enemy number one.
To get beyond the hype I like to turn to the alternative media outlets. Continue reading ‘American Oil Crisis: Congressional Finger Pointing Growing Old’
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