(CNN) - Is there a connection between big oil and Republican politicians?
Former President Jimmy Carter certainly thinks so. In an interview with CBS’s Harry Smith, the former president said the November election is to thank for lower oil prices.
“Between now and November, I predict that the oil companies will hold out on oil prices a little bit,” Carter said with a laugh, “you know, to try to get the Republicans the ticket.”
In July, after the Senate voted to crack down on oil speculators, Republicans vowed to block any further measures until the Senate came to a vote on energy-related issues—in particular, the GOP push to increase oil production.
With the economic outlook dim, and prices at the pump still high, Carter said Wednesday the economy will be the deciding factor for voters come November - just as it was during Bill Clinton’s first campaign for president.
“I’m afraid that by the time January comes along the economy will be the most serious problem in America,” Carter said.
Accusing John McCain of being in the pocket of big oil has been a consistent line of attack from Democrats in the past few months. Moveon.org along with the Obama campaign, have released ads spotlighting what they call the Arizona senator’s “ties” to oil executives.