Who really benefits when oil prices go up?

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From guest contributor Doc Webb: Here we are once again, political upheaval in the mid east and immediately gas prices in the US take off. The question remains why? The answer is unmitigated greed. There is no shortage of oil. It is very unlikely there will be a shortage of oil. Believe me,

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.