When down means up
Posted October 31st, 2009 by Galen LehmanThis week, with all the ballyhoo about a “jobless recovery,” I’ve been soaking up news about the economy.
One of the things I’ve been hearing a lot about is rising oil prices. The fact that oil prices are rising in the face of weak demand and a surplus of supply looks like a mystery. Supply and demand is like gravity. You can’t fight it indefinitely. When supply is up and demand is down, economist tell us prices always, always must fall.
But oil prices aren’t falling.
Grandpa was an logger back in the day when everyone used horses and crosscut saws,
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