How oil prices are determined 5 Articles

by Robert C. Sage

Economic philosophy says that on the open market, prices are determined by supply and demand. From a clinical perspective, that is true, however there are many factors influencing perceived supply and demand. Before Wall...read more

by David Thill

Oil prices today are determined by many factors. As a commodity, oil is of course priced by market forces: supply versus demand. However, oil is subject to several distorting factors which can lead to vast swings in price....read more

by Jim Ainsworth

Congressional Hearings on Oil Prices How do people like Dick Durbin and Chuck Schumer get into leadership positions? How many times are they going to call up oil company executives to congressional hearings? Why do w...read more

by Thomas Minor

what most people think about the oil prices today is the way that life is ruled by oil and government. I'll explain, one oil is a way of life for all of humanity, we all drive take buses, trains and etc... but with all the...read more

by Anton Raubenheimer

This is not a factual article, because the real workings are too complicated to explain here. In layman's terms it boils down to supply and demand, which is the way the free market system works. In other words if I ha...read more