Current Oil Prices: Scarcity Rents, Political Unrest, Inflation Hedging, or Speculation

Michael Giberson An article by Sarah Kent in the WSJ, “Gulf in oil prices may set up market for a fall,” takes notice of wide gap that has emerged between the current price of oil on the world market and the futures price of oil a few years into the future. A variety of explanations … More Current Oil Prices: Scarcity Rents, Political Unrest, Inflation Hedging, or Speculation