WHY OIL PRICES ARE RISING...

PRODUCTION IS COLLAPSING FASTER THAN DEMAND!

BusinessInsider.com: The International Energy Agency released its mid-year oil market report this week. It helps explain the recent behavior of oil prices.

First, demand is dropping, which is what caused the price collapse. Second, however, production is also collapsing--even faster than demand.

The other factor in the recent price increase, according to the IEA, is the weak dollar.