Rising gas prices aren’t due to the problems in the Middle East, if you will remember, prices started rising before the protests in Egypt. Speculators on Wall Street drive up the price of a barrel of oil by betting on how high the price will be tomorrow.
Glad to see the pay-no-tax-and-receive-money-back plan is working so well for Big Oil:
All is well in Big Oil land. Profits are up for BP and Exxon is so worried about the stunning profit headlines that are about to hit today that they are scrambling to soften the blow. Now more than ever, it's time to bring an end to their freeloading handouts. They want capitalism, so let's give it to them. No more handouts to the richest industry on the planet.