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.
Try this on for size: demand and price are the SAME THING! If there is not demand for gas at $3 a gallon or oil at $70 a barrel, then it won't sell and the price will drop. But there *is* demand at those prices right now, so they are sustained.
If your posts represent the economic understanding of the Constitution Party, then I'm very surprised. And staying far away.
Then as I said on another post...
Actually, we seem to be saying the same thing.
That it has nothing to do with supply and demand, and everything to do with charging whatever the market will bear.
True?