Andrew Sentance of the Bank of England has issued a very clear analysis of current oil and commodity price movements. It rejects the view that these have been caused by speculators. Instead it points to increasing demand, and lack of supply, as the principal
Read More...
Read the complete post at http://www.icis.com/blogs/chemicals-and-the-economy/2008/07/bank-of-england-warns-on-infla.html