Opening Bell: $7 A Gallon?
Oil production not rising, but demand is; speculators swarm food crisis; Kerkorian buys up Ford stock...watch out; etc.
The New York Times on page one looks behind the inexorable rise in oil and gas prices the last few years and finds that despite economic models predictions, oil production isn't increasing as expected, nor is demand falling.
A small decline in U.S. and other rich countries' oil usage has been more than offset by increased thirst from developing countries, which could increase 35 percent over the next twenty years, the NYT says.
At the ...
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