Yes they are heading off things as fast as they can but here is the thing, this morning they are blaming two factors, speculation on the open market and taxes in the consuming countries.
The former is a given, but the solution is to enter into an agreement with OPEC to buy Oil at a set price for 6 months to a year, which we may see that. This will force the price to a level OPEC feels is something that is equatable for all parties involved.
But the latter is the real problem, the people in the EU are paying the same price as we are for fuel but they control the behavior of the people through the taxes where we are desperate to use the tax money for everything except maintaining the roads. I think that there has to be a move to harmonize all the taxes within all the states and to lower the fed tax on fuel.
