Sometime in March, I wrote a letter suggesting that oil companies were responsible for the high gas prices. I predicted, and it turned out to be true, that they would end the quarter with incredibly high profits because there was no supply-and-demand reason for the price increases.
Note what has happened since. When President Obama seemed not to be blamed for those high prices by the U.S. populace, the oil companies backed down. Gas prices are where they were before the uproar, or at least close. No Republicans have been screaming about the high prices for the past month. …