US President Barack Obama blamed oil "speculators" on Tuesday for soaring gasoline prices that risk weighing down the US recovery and could dampen his 2012 election hopes.Central planner Barack Obama "knows" more than market forces. Here's a link to Hayek's famous paper "The Use of Knowledge in Society". We assure you Obama hasn't read this.
"It is true that a lot of what's driving oil prices up right now is not the lack of supply. There's enough supply. There's enough oil out there for world demand," Obama said at a campaign-style event not far from Washington.
Wednesday, April 20, 2011
Obama blames speculators for high gasoline prices
AFP reports: