Theorizing the relationship between the natural and the social.
Friday, March 9, 2012
Interesting graphic showing the disconnect in current US policy rhetoric over gasoline prices. In contrast to what is being suggested, prices are largely unrelated to US production. Not surprisingly to anyone familiar with the industry, oil is a global market largely unaffected by the production dynamics of relatively stable countries like the US.
A more detailed discussion is here, other charts are here.