Cenk debunks the myth that soaring gas prices could be curbed if the US allowed more oil drilling. He says it is not the supply of oil that is to blame but the oil speculators, including Goldman Sachs and Koch Industries. More than 60% of oil trading is done by speculators.
“It isn’t about us,” Cenk says. “It isn’t that we need the domestic oil. It isn’t that it would lower gas prices. It’s that if we did the drilling and let the oil companies sell it anywhere they like, they get richer.”