Political Quotes

“Gas prices are killing the American consumer. They're doing real damage to small businesses. In my State, Cabot Creamery, which has fixed price contracts to deliver cheese, very important to farmers, very important to that business, price of gas going up a dollar, it's like another $135,000 off their bottom line. There are long-term issues we've got to address, but you know what? There's stuff we can do in the short term. The futures market has been flipped upside down. It should be serving end users like airlines, fuel dealers. Instead, it's been taken over by speculators. Goldman Sachs study says about $23 on the price of a barrel of oil is attributable to speculation. That's about 56 cents when you go to fill up your pickup truck, about an extra 15 bucks just for the speculation premium. Past Presidents have used the Strategic Petroleum Reserve to spook the speculators, to send a shot across their bow that they're going to be on the wrong side, the losing side of these trades. Let's use the Strategic Petroleum Reserve to give some relief to our consumers and to our small businesses. ____________________”