oil

We should have a fixed minimum price $80 per barrel and a law that states that American refineries have to buy American oil first from American suppliers for their needs and thereafter can buy on the world market for whatever price they can get it once American suppliers have sold their supply and can't supply anymore until the next month. I'm sure there's a reason that wouldn't fly. But why be subject to speculators setting the price per barrel? It's totally irrational. Why was nobody in the oil business a year ago able to predict that there would be an over-supply from September '08 to the present, which back in January of '08 would have affected the futures delivery price for these last four months? Are they unable to use their computers or their probability theory calculous to make predictions? I think this is the biggest failure of the math geniuses who have not been able to apply math to the economy. And the banks! Barney Frank, Harry Reed! Putting an added 175 billion in pork barrel, which was a big issue during the election...I don't think Obama's going to do anything about any of this. Maybe superficially. Whatever that means. What else is new?