In this article, Forbes contributor Louis Woodhill explains that if you look at the price of a barrel of oil in terms of gold, it’s at an historic low. But Americans pay for oil in dollars, and dollars are buying less and less gold (and everything else). Woodhill predicts that gas prices will rise significantly as the dollar’s value continues to erode, thanks to federal policy.
Recently, Obama has been blathering away in his most obnoxious style, declaring that rising gas prices aren’t his fault and should not be a political issue. Sorry, Barack, but your entire Leviathan State agenda is responsible for rising gas prices, and so much more.
