Thanks in advance and sorry for any english mistake.
Define "oil crisis"
What happened in 2008 when prices rose over 100% between January and July, due to speculative movements on a global level.
June 02, 2008 by Frank Shostak
(gotta love the Mises Daily)
And just for fun:
January 02, 2008 by Dominick Armentano
My humble blog
It's easy to refute an argument if you first misrepresent it. William Keizer
uh oh...gettin slow there, cowboy?
Would appreciate your opinion on these two posts:
Perhaps you should reply there, so as not to hijack this thread.
This article provides a detailed explanation, compatible with Austrian views: http://www.atimes.com/atimes/Global_Economy/MH30Dj02.html