It is not the speculators, it’s the poor countries. I knew there was a reason why I don't like the poor:
http://www.nytimes.com/2008/07/28/business/worldbusiness/28subsidy.html?...
Apparently, Junior is against it:
President Bush warned about the effects of subsidies on July 15. “I am discouraged by the fact that some nations subsidize the purchases of product, like gasoline, which, therefore, means that demand may not be causing the market to adjust as rapidly as we’d like,” he said.
It is a good thing to see that the US does not interfere with the market on fuels with incentives or taxes on imported fuel, or else that comment by Junior would have been contradicted by his own policies.
