NOTE: This is a companion article to the last posting. Sacbee positions stories to bring the greatest impact on its pro-Obama, Anti-business stance.
Now the story. Oil prices have been fluxuating for several weeks, creeping higher. Most of the industry sources I have been reading attribute this to the coming of summer driving season and uncertainty about Obama's energy policies.
But Sacbee says, 'Blame it on the same folks who brought you $140 oil and $4 gasoline in 2008. Wall street speculators.' The inference is that there are a couple of insidious individuals sitting in a room somewhere pushing buttons to control prices. In reality, it is the market - stupid. Doing what the market always does.
America has always had an open market system. Especially when it comes to the commodies markets. But Obama has injected so much uncertainty that investors are looking for a safe have for their money. Many have chosen to hold cash; while others have chosen have gone to gold in an effort to shore up their economic futures.
It seems that almost everyday the Sacbee and the Obama administration announce another villian and another crisis to be addressed immediately. And it scares the public which is otherwise uneducated on how the world really works.
