Further to Derb’s incredulity about Tim Russert’s stunningly ignorant question to Secretary Bodman, a colleague of mine sends the following:

Btw, even Bill Kristol on Fox yesterday merely grimmaced in apparent acquiesence — having failed now for two weeks to actually challenge the point — when Juan Williams thanked him for acknowledging Williams’ claim that prices at the pump cannot be defended given that crude oil inventories are at an 8-year high (which thesis he seemingly did accept).
Now, Kristol must know that we do not put crude oil in our cars but gasoline, where inventories are low… but he failed to advance the natural reply that prices rise due to that intermediate step of refining…and adding corn squeezins [ethanol] creates the annual bottleneck which was compounded by the farm bill, er, energy bill, doubling the mandated of subsidized moonshine.

A couple of weeks ago a gallon of ethanol cost more than a gallon of gas in Nebraska.