World-News

Gas-Pump Gouging: Just Don't Blame The Saudis

By Mike Whitney

I've seen this bad movie before. It's the Enron movie, which hit the West Coast power-markets like a bomb because the federal government was asleep at the switch. Now it's happening again with oil prices." Rep. Jay Inslee D-WA.

http://www.informationclearinghouse.info/article20167.htm



Gas Could Fall To $2 If Congress Acts, Analysts Say

Limiting speculation would push prices to fundamental level, lawmakers told

By Rex Nutting & Michael Kitchen

The price of retail gasoline could fall by half, to around $2 a gallon, within 30 days of passage of a law to limit speculation in energy-futures markets, four energy analysts told Congress on Monday.

http://www.informationclearinghouse.info/article20166.htm



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