Graphic Of The Day: US Oil Stocks
One of the popular vote-pandering narratives pursued by US Congress Critters, lately, has been 'oil companies making too much money,' bankrupting the Middle Class. This Energy Information Agency graphic is consistent, however, with multiple explanations of high oil prices, including 'developing nation demand growth' and, Peak Oil. The data do not support a convenient single scape goat that can be affected by public policy or law. And that, Dear Reader, is the graphic of the day.