Strappado Wrack

Strappado Wrack
Provocative Political Archive Articles for Unlocking the Meaning of Current Affairs

Friday, July 25, 2014

Oil: Painful for some, but hardly a crisis

So says a lead report in the Economist. “Americans might whine about it, but they aren’t in pain because the oil price is $35,” argues Roger Diwan of PFC Energy, a consultancy. As evidence, he points to the robust growth in demand for oil in America in recent months—one of the main reasons why prices are now so high. WOW, tell that to the soccer mom filling up her SUV! The Miami Herald reports: “The national average of $1.729 a gallon reflected data from two separate surveys with all grades averaging $1.779

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