I almost busted out loud laughing about the irony of this statement from Obama:
RENO, Nev. (AP) - President Barack Obama said Thursday that the Justice Department will try to "root out" cases of fraud or manipulation in oil markets, even as Attorney General Eric Holder suggested a variety of legal reasons may be behind gasoline's surge to $4 a gallon.
"We are going to make sure that no one is taking advantage of the American people for their own short-term gain," Obama said at a town-hall style meeting at a renewable energy plant in Reno. Obama says new task force will examine gas prices
Course the funny thing about it is the White House is who's taking advantage of this for the long haul. He's been talking about the advantages of higher prices. Now he's really going to do something about it.
As usual the focus will be on rich speculators and traders, so Obama is taking advantage of this and eventually he'll be talking his usual class-warfare crap.