When oil prices spike, where does the money go?
- Written by Matthew E. Oliver, Associate Professor of Economics, Georgia Institute of Technology
The oil industry is all about the Benjamins.Diy / iStock / Getty Images PlusThe market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of products made from oil – literally everywhere. Federal data shows that the price at the primary crude oil hub in the U.S. was US$66 a...










