Monday, August 23, 2010

Re High Oil Prices: Don't Shoot the Messengers';, by Ben Stein in YahooFinance today.Does he smoke funny stuff?

It's actually relatively accurate. If oil companies had so much sway, why did they leave crude oil prices at 10 dollars for quite a while before the recent spike? They price to the market, which is determined by the futures traders.





There's a similar article here: http://www.npr.org/templates/story/story鈥?/a>

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