Start connecting the dots, and it makes sense why we have so much domestic crude, and continued high gas prices!
The next time you drive to the gas station, only to find prices are still sky high compared to just a few years ago, take notice of the rows of foreclosed houses you’ll pass along the way. They may seem like two parts of a spell of economic bad luck, but high gas prices and home foreclosures are actually very much interrelated. Before most people were even aware there was an economic crisis, investment managers abandoned failing mortgage-backed securities and looked for other lucrative investments. What they settled on was oil futures.
An oil future is simply a contract between a buyer and seller
“How does oil speculation raise gas prices?” 16 October 2008. HowStuffWorks.com. 11 April 2014.