Ah, oil prices.
It’s a subject shrouded in more baloney than a cheap grocery store sandwich. Here’s a HuffPo article that locates the lunchmeat nicely on the oil sub sandwich that President Obama has been feeding Americans – as his approval numbers plummet due to high gas prices.
I recall fondly the days on this blog when the Worldwide Businessplex had blog readers seriously – and in some cases, angrily – contending that the prices were merely the result of supply and demand. You know, the free market at work.
Not surprisingly, with supplies up and demand down, the only noise coming these days from the free market supply and demand folks is crickets.