Geri Willis on How Oil Prices Work

A little something for everyone out there that thinks oil prices are fixed by companies, speculators, the Illuminati, etc.

In other words the free market would lower prices, government intervention on behalf of fantasy based environmentalism raises prices. Surprise! Factor $5-7 dollar a gallon gas prices into your budget in the summer, especially if war breaks out in the middle east.

h/t Hot Air