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Home >> Global Organizations OPEC The High Oil Price Deception John Mangun - 7/16/2008 Every time you read the newspaper or listen to the TV or radio, you are being deceived. Every time you put gasoline in your car, you might be a victim of a global 1-2-3 swindle. Every time you nod your head in agreement that oil prices are supposed to be this high, a small group may be laughing all the way to their bank with your money. What Determines the Price of Oil? Sam Vaknin, Ph.D. - 7/3/2008 The price of oil is no longer an important determinant of the economic health of the West. To create the same amount of economic output, manufacturers use much less oil than they used to.
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