Comment on Since April President Obama Cut Oil Prices 21%, Boosted GDP $78.4 Billion

Since April President Obama Cut Oil Prices 21%, Boosted GDP $78.4 Billion

Barack Obama

In April, I predicted that President Obama?s $52 million plan to increase the margin requirements and otherwise tighten the screws on oil speculators ? who borrow huge sums to bet on the direction of oil without taking delivery ? would cut oil prices by 10%. He?s beaten that prediction and the lowered prices of gasoline ...

 

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