Prices – May 12

Jad Mouawad: Politicians search for a solution to high oil prices, answers evade them
A peek behind the price at the pump (sinking dollar)
Mystery Indian analyst spooks world economy (Murti of Goldman Sachs)

Peak oil: “It’s the flows, stupid!”

Because they don’t understand peak oil, many reporters keep getting the story wrong. Because they don’t understand peak oil, some in the U.S. Congress and Senate now threaten to sue OPEC. Because they don’t understand peak oil, business journals keep whining that producer nations don’t practice rational economics.