Friday, May 13, 2011

What Really Drives Energy Prices

With energy prices at record levels, and members of both parties making wild accusations on the cause of energy prices, even President Obama has been disingenuous about rising fuel costs.

Yesterday, the U.S. Senate called the major oil companies to testify before the Senate, which was only for partisan political consumption instead of any real desire to solve rising cost of fuel prices in the U.S. It's no wonder why the American people are confused with prices that keep going up and how they are calculated.

The Council on Foreign Relations put together a report on gasoline prices and how cost's are calculated. This is an excellent article that all should read to get at least an understanding on what makes up energy prices.

http://militarybriefingbook.com/topic.cfm?topic=Energy

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