With gasoline selling at around $4 per gallon, the political hunt
is on to track down the ne’re-do-wells responsible. Are fuel prices
rising due to President Obama’s unwillingness to extend the
Keystone pipeline or drill in the Arctic National Wildlife Refuge?
Are tensions in the Middle East causing prices to spike and, if so,
would energy “independence” shield U.S. consumers from future
fluctuations? Maybe the culprit is Wall Street speculators who,
we’re told, are gaming the crude oil futures market to create price
increases out of thin air. In this month’s e-Briefing, energy
policy expert Jerry Taylor will dispatch common myths perpetuated
on cable news programs and explain what’s really going on with
rising gas prices and who’s to blame.