Michael Gerson: That Missing Week

Do you personally know a young voter who has been sucked into Obamamania? Yes, but I'm trying to save them Yes, and they are a lost cause WASHINGTON -- Those of us who dimly remember the gas lines of the 1970s tend to view commodity price spikes as the temporary work of international villains. But anyone still expecting the return of cheap oil is in for a long wait. Rising energy prices are mainly the result of unprecedented global prosperity -- a rising billion in China and India determined to own automobiles and air conditioners. This increased demand for oil, natural gas and coal has almost nothing to do with the policies of America or the designs of OPEC. Given the strain on household budgets, it impossible to call this a blessing, even a mixed one. But it might properly be called a mixed curse. During the 1992 campaign,... [read full story]