When the price of gas starts climbing again, remember the names Goldman Sachs and Barclays Capital. These are the two major procrastinators (thieves) when it comes to pushing up the price of oil. Since the big announcement that President Obama would open up 60 million barrels of reserve to the market, and the price took a big tumble, Goldman and Barclays have scared the price back up 10 percent. The wholesale price for gasoline has crept back from $2.72 to $3.01 per gallon.
So, if our president really believes that the world economy will stay in the same shape it is in until the price of oil drops, he will announce next week that he is adding another 60 million barrels of reserve to the market. And hopefully this time Barclays and Goldman will both lose billions; it is what they both deserve.
Dean Zevenbergen
Marysville
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