All Commentary
Wednesday, May 9, 2012

Oil Price Hits Year’s Low

“The price of oil dropped Monday to its lowest level of the year after elections in Europe created uncertainty over the region’s plan for recovery.” (Christian Science Monitor)

Is anything less understood by the public than how the price of oil is set?

FEE Timely Classic
“Voluntary and Coercive Cartels: The Case of Oil” by David Osterfeld