Crude oil prices have reach a record high $62 per barrel. Combined with Time Warner’s worse-than-expected recent earnings stocks dropped today as investors waited uneasily for the government’s latest petroleum inventory report. A barrel of light crude was quoted at $62.40, up 51 cents, on the New York Mercantile Exchange. Gasoline rose more than a cent to $1.7945 a gallon while heating oil gained a cent to $1.7350 a gallon. As American refineries operate at nearly 100% capacity, prices at the pump may continue to rise due to increased summer demand, pending tropical storms and hurricanes, and increased tensions this week because of Iran’s nuclear threat. Are we learning anything here about the complex, multi-facted dimension of the economy?
Oil prices: Up, up, and awayby Anthony Bradley • August 3, 2005
Anthony Bradley, Ph.D. is Professor of Religious Studies at The King's College in New York City and serves as a Research Fellow at the Acton Institute. Dr. Bradley lectures at colleges, universities, business organizations, conferences, and churches throughout the U.S. and abroad. His books include: Liberating Black Theology: The Bible and the Black Experience in America (2010), Black and Tired: Essays on Race, Politics, Culture, and International Development (2011), The Political Economy of Liberation: Thomas Sowell and James Cone of the Black Experience (2012), Keep Your Head Up: America's New Black Christian Leaders, Social Consciousness, and the Cosby Conversation (2012), Aliens in the Promised Land: Why Minority Leadership Is Overlooked in White Christian Churches and Institutions (forthcoming, 2013). Dr. Bradley's writings on religious and cultural issues have been published in a variety of journals, including: the Atlanta Journal-Constitution, the Detroit News, and World Magazine. Dr. Bradley is called upon by members of the broadcast media for comment on current issues and has appeared C-SPAN, NPR, CNN/Headline News, and Fox News, among others. He studies and writes on issues of race in America, hip hop, youth culture, issues among African Americans, the American family, welfare, education, and modern slavery. From 2005-2009, Dr. Bradley was Assistant Professor of Systematic Theology and Ethics at Covenant Theological Seminary in St. Louis, MO where he also directed the Francis A. Schaeffer Institute. Dr. Bradley holds Bachelor of Science in biological sciences from Clemson University, a Master of Divinity from Covenant Theological Seminary, and a Doctor of Philosophy degree from Westminster Theological Seminary. Dr. Bradley also holds an M.A. in Ethics and Society at Fordham University.