I thought you might find the charts and commentary found here of interest:
While the commentary takes a bit more of a political spin the charts themselves make it quite clear that global production has little impact on price movement, that drilling more at home didn’t lower prices, and that the global prices move in tandem regardless whose in office.
– Mitch Gurney, Vallejo, CA
The opinions contained in this column are solely those of the writer.
Want to share your own views on money, politics and the 2012 elections? Drop us a line at firstname.lastname@example.org and we might reprint your views in our InvestorPolitics blog! Please include your name, city and state of residence. All letters submitted to this address will be considered for publication