Why Are Oil Prices So Volatile?

Hint: It ain’t supply and demand.

Last night, 60 Minutes aired an invaluable report explaining the roller coaster oil prices – a must-watch (or must-read, if you prefer the trascript) for anyone confuzzed by the inanity of the energy market.

Spoiler: those manipulative bastards from Enron make a comeback.

Video and transcript here. Really, watch it or read it.

2 Responses to “Why Are Oil Prices So Volatile?”

  1. 1 Rob
    January 12, 2009 at 11:53 am

    Absolutely nuts!

    Thanks for the link/article/vid, Mer!

    And happy late B-day, we’re 31, ehhhh, uggg…

  2. 2 rickbryan1
    January 12, 2009 at 4:46 pm

    This was an interesting article on AT&T AT&T. It’s interesting the state of big companies and how they respond or don’t respond during a down economy.

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