Who is to blame for rising oil prices? Speculators
The Christian Science Monitor
by Steve A. Yetiv
04/27/11
People around the world are feeling the pain at the pump. President Obama, whose reelection in 2012 may depend on a rebounding American economy, has promised that his energy plan could temper oil prices. Adding to the stakes, minutes from the US Federal Reserve meeting in March 2011 revealed concern that high oil prices could hurt the American economy. So why have oil prices risen from around $36 dollars per barrel in December 2008 to $110 dollars per barrel now? And what can be done to lower them?
http://tinyurl.com/3hn2xo5
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=oil+price
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=speculat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Steve+A.+Yetiv
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by Steve A. Yetiv
04/27/11
People around the world are feeling the pain at the pump. President Obama, whose reelection in 2012 may depend on a rebounding American economy, has promised that his energy plan could temper oil prices. Adding to the stakes, minutes from the US Federal Reserve meeting in March 2011 revealed concern that high oil prices could hurt the American economy. So why have oil prices risen from around $36 dollars per barrel in December 2008 to $110 dollars per barrel now? And what can be done to lower them?
http://tinyurl.com/3hn2xo5
Informant: Thomas L. Knapp
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Federal+Reserve
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=oil+price
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=speculat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Steve+A.+Yetiv
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Starmail - 28. Apr, 09:18
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