At least, that’s the position taken by her Highness, Princess Pelosi. “Wall Street profiteering, not oil shortages, is the cause of the price spike,” she said Wednesday. “Unfortunately, Republicans have chosen to protect the interests of Wall Street speculators and oil companies instead of the interests of working Americans by obstructing the agencies with the responsibility of enforcing consumer protection laws.” Presumably, she means oil traders. But that would include everyone from major oil companies to average individual investors. Pelosi urged Congress to take “strong action” against excessive speculation. It’s important that she deflect the blame from oil supplies, since…
