OK. No argument here. But the supply/demand equation still does not have prices rising. Supply goes down... sure. But the demand goes down at the same time.
The money supply has been dramatically expanded. More dollars less oil equals higer price, even if demand is flat. Mises.org provides fantastic info on how classical economics works. Or The Creature From Jekell Island
OK. No argument here. But the supply/demand equation still does not have prices rising. Supply goes down... sure. But the demand goes down at the same time.
The money supply has been dramatically expanded. More dollars less oil equals higer price, even if demand is flat. Mises.org provides fantastic info on how classical economics works. Or The Creature From Jekell Island