Economically Clueless

By George Landrith

This summer, when oil prices were at all-time highs at more than $140 a barrel, Sen. Barack Obama bitterly complained about big oil, oil speculators, and windfall profits and demanded new taxes on energy. Obama denied the economic principles of supply and demand had driven prices higher. Obama blamed high prices on the greed of big corporations and speculators, and he told America that he alone could fix the problem with new energy taxes and "windfall profits" taxes.

Now oil prices have fallen below $80 a barrel. Experts expect that prices will continue to fall to below $60 a barrel within the next week or two. If it was greed that caused.......