CNN Sr. Political Analyst
It looks like gas could hit $5 a gallon shortly and perhaps even $6 a gallon by the end of the year. This is a huge problem for drivers, the auto industry and airlines, of course. And it could lead to significant changes in the way we live.
It also might have some grab in the presidential campaign: how much is the rumbling over a possible strike against Iran driving up prices? There was a lot of speculation last week about that. Then the price of oil went down yesterday because nothing happened over the weekend regarding Iran.
With Bush and the Israelis talking quietly about hitting Iran before Bush leaves office, and McCain and Obama in such different positions about how to handle Iran, it's worth exploring higher energy prices. What's behind them: is there really a conspiracy among speculators; what is the Iran connection?
Also, how hard would it be for Iran to close the Straits of Hormuz (where we have two aircraft carriers now)? How much is China now driving up prices?
And are Americans ready for a renaissance in nuclear power plants, as John McCain proposes? That's some of what the energy industry and the market are talking about.
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
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