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‘Background Briefing’: Rising Oil Prices Explained

Posted on Mar 17, 2011

University of Maryland professor Michael Greenberger, former director of the Division of Trading and Markets at the Commodity Futures Trading Commission, explains the rising cost of oil. His answer—not international turmoil, not Japanese disaster.

Listen to the interview here, or the whole episode of “Background Briefing” with Ian Masters here.


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knobcreekfarmer's avatar

By knobcreekfarmer, March 18, 2011 at 10:49 am Link to this comment

WTF is this garbage doing on TruthDIg? Speculators, yea that’s the root cause. 

Sure those richie rich fuckers are betting on, and getting richer from, oil trading
but all you intellectual elite progressives are missing the point. It’s call Limits to
Growth. Peak Oil. Seven billion hungry soles on this marble. The end of industrial
capitalism and even your favorite organic coffee shop. 

I could list hundreds of documents from Europe to the DOD to prove this point
but I’m guessing you all are too smart for all this reality.

Good luck out there in fanticy land Prof. Greenberger…

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