Gas Prices

People are asking why the government is now going all out buying oil to fill the Strategic Petroleum Reserve. After all, prices are the highest ever, driven by demand. A pause in the purchases would lower demand — which would bring down prices — as well as save the People of the United States a lot of money by waiting until prices are lower to purchase the oil.

Maybe this has something to do with it. The Bush administration gave the contract for supplying the oil to Koch Supply & Trading, LP, owned by some of the primary funders of the far, far right. By purchasing oil for the Reserve, the Bush administration is helping fund the Right, which is pumping millions upon millions into his campaign.

For example, this press release from the National Center for Policy Analysis (NCPA), titled “Schumer’s Proposal to Lower Gas Prices Puts Politics Ahead of safety and Sound Economics” doesn’t mention that NCPA receives at least $80,000 a year from Koch foundations (Lambe is also a Koch foundation).