And You Thought the Price of Gas Was Determined by Supply & Demand...

I have some strong feelings surrounding this upcoming US election -- there's lots of reasons to vote for Barack Obama this fall. There are even more reasons to vote against John McCain. Here's another.

One of the greatest causes of the volatility of the oil market is out-of-control oil futures speculation. And it all began with deregulation of the market due to "the Enron Loophole." John McCain recognized this loophole and railed against it until he started to have second thoughts following political connections with Phil Gramm and his wife, Wendy Gramm.

See the video below -- it's worth watching.





With all that we know about the deregulation of the oil futures market, what is McCain's solution to the problem of rising gas prices? The so-called "gas tax holiday."

By the way...you can monitor local gas prices at GasBuddy.com.

Search for gas prices by US Zip Code

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