I would say that statement, in general terms, is consistent with the reality that the price of fuel is primarily controlled by OPEC through their cartel and they have set a floor and set a ceiling. The floor is $22; the ceiling is $28. They have exceeded that. Any time they have fallen below that, they have quickly reduced the supply and the price has gone up. So that is what controls the price of fuel in this country. It is OPEC.
Discussing the influence of OPEC on fuel prices during a Senate floor debate.
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