American consumers are paying astronomical prices for gas today, and economists are warning us that this increase in cost could cause the economy to slip back into a recession. The Republicans’ plan to solve the crisis is simple – let’s just drill for oil in every available square inch of America. Not only would this destroy our environment and our health, it completely ignores the root of the problem – it isn’t a shortage of oil driving up our prices, it’s the actions of oil speculators and brokers on Wall Street. These people drive the price of oil up, and reap huge profits as a result. Mike Papantonio talks about how this happens with Lee Fang, an investigative journalist with Think Progress.
