Oil Prices Are Determined in the World Market: It's Not Just Something That President Obama Says

The Washington Post had an article celebrating the fact that the public is confused about the causes of higher oil prices. This is sort of like a fourth grade teacher being delighted that his students don't know arithmetic. 


Undoubtedly much of the public is confused about the cause of higher oil prices because of articles like this one. It treats the issue as a he said/she said dispute, at one point quoting President Obama:


"the amount of oil we drill at home doesn't set the price of gas on ...

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Published on March 02, 2012 03:42
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