June 10, 2008

Explaining Today's Oil Prices

Robert Reich explains today's oil prices well. It's is a combination of:

  1. World demand.
  2. Weak dollar.
  3. Speculation.
  4. Instability in the Middle East.

Do read the whole thing. It hits every point I've heard explaining the problem. And his conclusion is right on.

Posted by Mary at June 10, 2008 06:50 AM | Economy | Technorati links |