Wednesday, June 18, 2008
Increases in domestic oil production as advocated by President G.W. and Republican John McCain as a solution to prices at the pump is disingenuous. Prices at the pump are a direct result of corporate price fixing. This is fact as evident when the price of a barrel of crude oil decreases prices at the pump continue to rise, in addition to actual increases in crude oil prices resulting in heavier increase at the pump. The level of supply of oil is adequate globally as stated by those within the industry.