IMF Chief: Oil Supply Matters

Yesterday I wrote about the latest meme to come out of the White House: that the president cannot control oil prices.  This is of course ridiculous.  Should the president choose a path that would increase supply — even if not immediately — the price of oil...

A President’s Control of Oil Prices

A new meme is carefully being inserted into society: that a president generally, and Obama specifically, cannot control oil prices.   Like all good lies there is just enough truth in this meme in order to not make it laughable.  The notion is absolutely true in the...