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Buchanan: Devaluing Of U.S. Dollar Causing Oil Prices To Rocket

"All this silly posturing of going to the Justice Department, investigating the oil companies and all the rest is preposterous. The reason gasoline prices are going up is because the value of the currency is going down dramatically and there is something of a crisis in the Middle East. And look, Herbert Hoover was not responsible for the depression. He was sitting in his chair six months in office when the thing collapsed. And this is the problem Obama has got. If it collapses on his watch, I don't care who is responsible. Whether it was Richard Nixon or George W. Bush, it is his crisis in 2012," Pat Buchanan said on MSNBC this morning.

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