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.

Your support matters…

Independent journalism is under threat and overshadowed by heavily funded mainstream media.

You can help level the playing field. Become a member.

Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.

Give today to support our courageous, independent journalists.

SUPPORT TRUTHDIG