Obama is Economically Clueless
- Market forces -- supply and demand -- drove oil prices up this summer. The supply of oil was tight compared to the relatively high demand. Thus, prices rose. As prices rose, market forces encouraged more oil production (more supply) and less demand for oil. Now, with these new market forces in play, oil prices began to drop and have continued to drop. Why is that Obama, with all his high brow Ivy League education, doesn't understand basic concepts taught in any high school economics class?