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Originally Posted by chip
I keep hearing this. Would someone explain to me how W is responsible for the price of gas. Not saying I support him, but I don't see the connection.
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He's not solely responsible for for $4.00/Gallon. but his economic and fiscal policies, such as high deficit spending, have have led to the weakening of the dollar, which in turn translates to higher prices for import commodities such as oil.
He's largely responsible for the failed Iraq invasion has also restricted the oil supply in the international market, which enables oil exporting nations to sell at a higher price.
He's alienated the US from key oil producing nations such as Iran and Venezuela. These countries have begun to trade oil in Euros and other currencies, which means many countries interested in this oil have begun to sell dollars for Euros. This also contributes to the devaluing of the US dollar, and higher prices at the pump.
If I find some time I'll try to find an easy to read article on all this.