With Oil Flirting At New Highs, Time To Review "Oil Speculation"

"The Coyote Blog," a featured blog at the sidebar at the right, linked this article on oil speculation from another blog back in 2011. This article was originally linked here.

I haven't watched CNBC in quite some time, so I don't know if the talking heads are talking about oil speculators again, but if not, I assume it will only be a matter of time.

But from the first linked article:

[The price of oil] is an important topic for the Democrats, for obvious reasons: both President Obama and his [first] Secretary of Energy are on record as favoring much higher gasoline prices, which is exactly what their administration has delivered.

That was written before the 2012 election, and here we are again, getting ready for the 2014 election. 

Irony: despite the higher gasoline prices, less revenue from gasoline sales are flowing to city, state, and federal governments.