All Commentary
Tuesday, January 10, 2012

Oil Price Rises


“Oil prices hovered below $102 a barrel Monday in Asia amid investor concern that a meeting between the leaders of Germany and France won’t yield a plan that will keep Europe from recession this year.” (Christian Science Monitor)

Many factors are pushing up the price of oil – all originating with government.

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