A few months ago we screamed about high oil prices and the greedy oil companies and how they manipulated the market for their selfish gains. The left howled for an excess profits tax on their ill gotten gains.
Only months later gas is under $2.50 and dropping, oil has dropped by half, and Exxon is selling for one third of its prior price.
Do we now understand that the oil companies do not control the market? If they did would they have allowed it to drop so fast?
The market ignorance of our political leaders is overwhelming.