[Paleo Conservative]

his price increase certainly does not benefit the GOP but certainly does immensely benefit the DNC. Just who might be helping out the DNC ....Just a thought?

The price of oil is volatile due to the rather low price elasticity of both supply and demand in the short run. It is further compounded by the political instability of many of the largest and lowest cost producers. The recent volitility in energy prices hasn't been associated with recession in economies around the world the way it was back in the 1970's and early 1980's. I think a lot of that has to do with not interfering to make domestic prices artificially lower than world prices as was done by the Nixon, Ford, and Carter administrations.

[Archon of the East]

Thank you, now if the GOP could let the people know that would be great. However, that task given the obvious leftist political platform of the MSM would be difficult indeed.