Under pressure from both Obama and Edwards Sen. Clinton is letting her inner populist loose. Check out this video from the NY Times of her speaking out about the stranglehold that the oil companies have on pricing power.
Jerome has blogged before about the huge scandals at Bush's Dept of the Interior not collecting the royalties the public is owed by the oil companies for petroleum taken from public lands. I'd like to see Clinton promise to do something about that. Same for Obama and Edwards.
Full transcript of Senator Clinton's comments from the video after the jump.
And I can tell you what'll happen.
You know, the oil producing countries and the oil companies will have a conversation. They have a cartel in case you haven't noticed.
And they'll drop the price of oil because they figure they've done it before, they'll do it again. They'll take the political heat off. Everybody will say "Oh, great, did you see how much the gas price has fallen? Oh, we don't have to worry about this anymore."
It's like the old story about how to boil a frog. You drop a frog in boiling water, it jumps right out. You drop it in cold water, you turn the heat up - you've got a boiled frog before too long. We have been the boiled frog in this story, for decades.
Well, not on my watch. We are going to get out of that pan and we're going to be back in charge. And we're going to show the world what we can do when we put our minds to it.
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