February 28, 2012
Presidents and the Price of Oil
Scott Bittle & Jean Johnson, National Geographic
If you’re a primary voter, you’ve got your pick of candidates who’ll promise to bring down the price of gasoline. Unfortunately, whoever wins is going to run up against the limits of presidential power pretty quickly.
The fact is that presidents don’t have that much authority over the price of oil, for a number of virtually inescapable reasons.