Karl Rove Group That Absurdly Blames Obama For Rising Gas Prices Was Bankrolled By Top Oil Speculator

By Stephen Lacey on Apr 11, 2012 at 3:56 pm

conservative political advocacy group attacking Obama for supposedly raising gas prices received a “seven-figure check” from a leading Wall Street oil speculator.

While conservative organizations — and even Murdoch’s Wall Street Journal – agree that presidents have no control over gas prices, excessive oil speculation has been blamed by economists for 15% of the increase in the price of crude oil over the last decade.