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I'm sorry, I really am: question about oil prices

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Okooka Posted: Mon, Dec 8 2008 12:31 PM

I know this has been addressed, and even though I visit this forum frequently I have remembered nothing about the answers (it has to do with the whole not-being-smart thing). But I'm gonna ask anyway, hence the newbie forum.

Why are oil prices so low?

How much is oil tied to the dollar? If there is going to be hyper-inflation- I'm presuming there will be, with all those bail-outs?- won't it cause high increases in oil price as well, like until they sever the link with the USD?

 

And: Are there any good Mises-like sites on the bailouts and government actions in the EU, that are in English?

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