US Chamber lobbies for more financial speculation, higher gas prices

Most experts agree that high gas prices aren’t due to supply and demand — and that drilling for more oil won’t reduce the price at the pump. Indeed, most of the testimony from witnesses at this congressional hearing yesterday, suggests that financial speculation is largely to blame. Except for the US Chamber of Commerce; Their lobbyists have opposed laws to reign in Wall St. speculators, and pushed for more drilling, offshore, onshore, and everywhere in the country.