Who's to Blame for High Oil and Gas Prices? (article review) 20 Points

I.  Read the above article by Economist/Actor Ben Stein (yes, he's the 'Clear Eyes' guy)

II.  Write a 1 page double-spaced summary of the article and do not plagiarize (don't copy).

Now answer the following questions:

1.  How did you think gas/oil prices were set before reading this?

2. Who actually sets the price of oil?

3.  What are some of the events listed that cause oil prices to change?