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Petrol Politics: Why Nigerians Are Enraged Over the Rising Price of Gasoline

As we mark the official start of the never-ending U.S. Presidential campaign with tonight’s Iowa caucuses, it’s worth remembering the one thing that politicians would be wise not to fiddle with during an election year: gas prices. One of the fastest ways to alienate voters is to be seen supporting anything that intensifies pain in [...]

If It’s $4 a Gallon Gas, Then There Must Be Oil Hearings in Congress

Crossposted from Curious Capitalist You can practically set your watch by it. As petroleum prices soar—and with them, oil company profits and pain at the gas pump—sooner or later members of Congress will haul Big Oil executives into a hearing and Demand That Something Be Done. It happened in 2008, the last time oil prices [...]