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Thursday, May 04, 2006
Why Oil Prices Are Up, and What We Can, and Can't, Do about It
Rising prices for crude oil and gasoline have alarmed many consumers and put President Bush and other U.S. politicians in a position where they feel they have to do something -- anything -- in response, especially in an election year. But members of Wharton's finance department and private-sector economists say it's a good time to shun hysteria, take a deep breath, and look rationally at the reasons for the price hikes and their likely effect on the economy and on energy policy. Read more...posted by Charles Monat Associates at 1:44 PM
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