A Question on Gas Prices

Does dramatic rise of $ per barrel have more to do with the:

  • weakening dollar,
  • increase in demand pursing the same production
  • natural slow return from recent investments in geological exploration,
  • reduction of “cheap and easy” buried oil (and therefore the global peak)

One Response to “A Question on Gas Prices”

  1. Taxicab Confessions — DC (microeconomics) « In the Meantime Says:

    […] “What I want to know is how the price went up so fast and then down again.” I blogged last May on the poor reporting, each explanation pointing to an abyss of ignorance. “I’m not […]

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