Politico Arena asks:
What will the president’s reelection mean for gasoline and electricity prices over the next four years?
My response:
Unless Obama takes some extraordinary measure like imposing price controls, which is possible but not likely, his reelection will probably have little effect on energy prices over the next four years. Oil prices are determined largely by international markets, over which an American president has little if any control. If anything, the domestic shale oil boom that leads the news in the Wall Street Journal this morning is likely to result in lower energy prices.
See full Article: http://www.cato-at-liberty.org/obama-on-energy/
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