Why are oil prices so high?
Jim Hamilton thinks that fears of political instability in the Middle East may not be the whole (or even most important part) answer. Other, less exotic, determinants of demand and supply may be at work.
posted by George at 9:20 AM
1 Comments:
I have a quick question/idea. Politicians seem to point towards differing standards (from state to state) as one problem with current oil supply/price problems. Would states be smart to form regional coaltions whereby they have the same standards? I.e., Ohio, Kentucky, Indiana, West Virginia, Michigan all require the same blends, etc.
Would this result in a drop in price? Just curious what y'all think.
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