Wednesday, May 14, 2008
Oil - and our perceptions
Sounds pretty right to me.
And is it "too complex" to think food might be next?...
And is it "too complex" to think food might be next?...
At RealClearPolitics.com, Thomas Sowell says the issue is NOT "too complex":
"Is there anything complex about the fact that with two countries-- India and China-- having rapid economic growth, and with combined populations 8 times that of the United States, they are creating an increased demand for the world's oil supply?
The problem is not that supply and demand is such a complex explanation. The problem is that supply and demand is not an emotionally satisfying explanation. For that, you need melodrama, heroes and villains."
