Your statement "The increase in oil price is many times what the increase in oil demand has been." is the most ignorant and absurd statement on this subject I have yet seen. You have NO idea what "demand" actually is or how it is measured. Read my No. 125 and follow my suggestion there.
Educate yourself and come back when you can make some sense.
I stand by my statement.
It's not supply and demand that have taken oil prices this high. Prices have risen much faster and higher than demand has. Also production has been increased.
If Thomas Sowell can be an economist, so can I.
I'll take simple math over doubletalk any day.
Educate yourself and come back when you can make some sense.
I was going to respond to that post too, but my head was spinning and threatening to explode...I didn't know where to begin, I just wanted to cry. I like how you put your response.