Who can we blame for high oil prices?
Who can we blame for high oil prices? According to this article by Ben Stein, the oil companies are not to blame. Oil prices are set by the trade market and not by executives of the oil companies. Factors that drive oil prices include expectation of war, weather, or terrorists. These all affect supply and demand of oil and in the end that is what drives oil prices. Some companies benefit greatly from higher oil prices while others only have a moderate profit.
Posted by will at 3/29/2006 09:05:00 PM