A Wonderfully Simple Explanation of Oil Price and the Economy

We may earn a commission from links on this page.

The price of gas seems to keep changing, but the truth is that the problem isn't just to do with decreasing oil resources. In fact, the price of the black stuff is linked into our economy in a complex way—and this video beautifully describes what's going on for those of us lacking an economics background.

If you've ever thought about economics in much detail: firstly, poor you, and second, this probably won't come as a huge surprise to you. But for the mere mortals amongst us, this video—inspired by Jeremy Rifkin's ideas—goes a long way to explaining why gas prices vary with our economy's success. [Epipheo]