John Podesta, Carl Pope, Gene Karpinski: Cleaner cars, less foreign oil

  America is suffering from another oil price shock less than three years after prices hit a record of $147 per barrel in July 2008. Over the past month oil prices rose by over $20 per barrel, or more than 25 percent. This price hike reflects political instability in many oil-producing Persian Gulf nations. And Wall Street speculators have preyed upon oil users’ fears about supply interruptions to bid up the price to over $100 per barrel.