Why Unprecedented High Gas Prices in the USA? — StandingWatch #167
Norbert Link | May 3, 2008
The President blames Congress, and Senators blame the President. Oil companies report all time profits, thanks to record high oil prices. Republicans and Democrats propose certain actions but tell us that even if they survive “election-year partisanship” and interest groups, they would not affect the gas prices in the short term. WHY is it that the most powerful nation on earth seems to be helpless to deal effectively with this situation?