On the recordApril 19, 2006
Please somebody describe in detail how the price of oil is set.
Said by
Pete Domenici
Source
transcripts.cnn.comPlease somebody describe in detail how the price of oil is set.
Senator Domenici is demanding clarity on the mechanisms behind oil pricing.
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It seems to me that sooner or later something has to be done. The economy is suffering from an awful lot of people not knowing what is going to happen.
Well, I would just say that, sometimes when we are working on trying to solve this fiscal problem, the recognition that a long-term fix is what is needed puts many people in the position that they do not know how you do that and do it now.
I think it is very important, for some of you who have gone through lame duck, to make sure that you know it is not the best choice of an arena to which you would assign the solution of major problems.