Oil Crisis Part 1 of 2

In this video, done in 2008, there was an oil crisis. There are two basic reasons why oil is expensive. Supply and demand. The price of oil was high because demand was rising and supply was shrinking because of Peak oil. Inflation also causes prices to go up. Inflation was making the value of the dollar diminish so it was taking more dollars to purchase the same unit of oil. This is part one of a two part series on the oil crisis

Paul Mladjenovic Oil Crisis Part 1 of 2

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