May 27, 2008
We’ve heard of the housing bubble, but is there an “oil bubble” occurring in our economy? Crude oil has surged from $45-dollars per barrel in 2004 to a recent peak of more than $135 a barrel. Investor speculation, uncertainty over supplies and the rising demand from other countries are contributing to the debate over whether we are experiencing an “oil bubble”, and how long these high prices at the pump will last. Joining Horizon to help sort through the factors making up the skyrocketing price of gasoline is A-S-U Economist Tracy Clark.