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Clinton vs. OPEC

By ThinkProgress

"Clinton vs. OPEC"

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This Clinton campaign idea of somehow busting up the OPEC cartel not only seems impractical (how, exactly would this get done?) but it also bespeaks a real ignorance of what’s happening with the price of gas. It’s just not the case that the current price escalation is driven by OPEC-induced supply restrictions — all indications are that everyone’s producing as much oil as they possibly can. After all, with prices this high how could you afford not to pump as much oil as you could? It’s just that demand for oil is high and rising, so the price goes up.

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