Open Thread

June 11th, 2008 9:55 AM

For general discussion and debate. Possible talking point: oil and gas prices.

$139 last Friday. Can you imagine? Over $4 a gallon now nationally, approaching $5 in California. Are we now at the point where this is hyper-inflationary and economically harmful?

Maybe more important, in an environment where Democrats control Congress, and might next year also hold the White House, what are the not only possible but politically viable short and long-term solutions?

Amongst such supply options as ANWR, shale, off-shore, etc., should we also be considering commodities trading regulations in order to reduce the speculative element?