Oil Price Off the Rails - by Richard Martin
Obscenely high earnings reports from Big Oil, and the prospect of $4 gas during the US summer driving season has led to some rampant silliness, including the proposed “gas-tax holiday” being backed by candidates Hillary Clinton and John McCain. Congress plans to get into the act, pledging to bring forth legislation to offer low-income Americans relief from high prices at the pump – legislation that US President Bush will almost certainly veto.
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