<p>Rising oil and gasoline prices are of concern to many people today. I see three basic issues involved: "Stalled out" growth in world oil supply, concerns about Iran, and artificially low interest rates. In my view, the biggest contributor to high oil prices is the first one--stalled out oil supply. At this point, the interaction between oil demand and oil supply does not work in the way most people expect it would. Even if the price of oil rises, world oil production doesn't increase by very much, if at all.</p>
<p><a href="http://www.energybulletin.net/stories/2012-02-27/why-oil-prices-are-so-high-production-shortfall-iran-concerns-and-low-interest-ra">read more</a></p>