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.

Strong Journalism, Rooted in Truth

Truthdig remains committed to deep reporting that challenges power and brings hidden stories to the surface.

Support independent journalism.

SUPPORT TRUTHDIG