Next President and why

[Rocky Raab]

The reason it sounds like a Clinton, skeeter, is because that's the exact line Bill used about his promised tax cut, his first election. It lasted until about a week after the inauguration.

Folks, it may be hard to believe, but WE are the ones setting gas prices. Not directly, but through the futures traders on Wall Street. Now, I'm an enthusiastic investor - but not in futures.

When futures traders bid that they'll pay $100 a barrel for oil three months from now, that's darn well what they're going to be paying. If the idjits would stop trading in oil futures (or be forced to), this spiral would wind itself down. It isn't OPEC that's setting the price, it's future traders who are setting the offers.

As an alternative, if I were running the thing, I'd tell all those foreign oil producers that from now on, we'll match oil barrel price with wheat bushel price. You wanna eat? Either cough up billions or cut the oil price. Or eat sand.