Good points. It really is the Drill-Nothing Congress (as IBD calls them) who is to blame for gas prices. And the people who voted for them got what they deserved.
Personally I’ve been saying oil will hit $200 by September at the rate things are going. Another Gulf war would certainly exacerbate the rising prices though, and oil would shoot well over $200/barrel (and would in all likelihood already be at $200-something by then anyway). That was what I meant to say, but didn’t do it in the clearest way.
Agreed. It is possible it will hit $7.00 and up a gallon with an attack on Iran. Still it's better than having Nutjob with nukes holding the world hostage.