The war in Iran has caused the biggest oil price spike in 20 years, which have moved the markets up and down for almost the last two months. Prices at the pump, though lower than a few weeks ago, are still high.
This is confusing to many people who know that the US is the the top producer of oil in the world. The following April edition of “On The Mark” explains the reasons for the high price of oil even though the US is much less dependent on foreign oil, and oil overall, than it used to be…
