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$4 a Gallon This Summer?

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“I don’t forecast prices of either gasoline or oil,” Secretary of Energy Bodman told me at the start of today’s show, but he did agree that events in Iran, Venezuala and Nigeria could send oil to prices which would result in $4 a gallon gas.

The key to our conversation was that pricing is out of the hands of the oil companies, and has been for some time. Senator Schumer’s grandstanding is an extended display of either economics illiteracy or shameless opportunism, or both, but no matter the source of Schumer’s absurd statements, they are another vivid example of the proposition that, no matter what the problem is, the answer can’t be more Democrats.

The transcript of the interview with Secretary Bodman will be up shortly at


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