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Obama & Oil

Barack Obama's new ad says he "worked his way" through college and law school. But his campaign says he had two summer jobs.

FactCheck.org: Obama's Work Claim

"When somebody opens a business, they're speculating. When somebody fills two gas cans, they're speculating that the price today is cheaper than it will be in the future."

The Economist: The Oil Price: Don't Blame the Speculators

"If you take the speculators out like the Democrats are suggesting, all you're going to do is move the speculators offshore to places like Dubai and lose American jobs -- and also lose control over the market. Is that what they want?"

"How come none of the senators from these ethanol states ever complain about the speculation in corn or wheat that's driven up the prices of bushels? It's only oil. Why is that? It's because they have a bias against oil."

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