Cross-posted from the Wonk Room. The struggles of families and businesses over the past seven years are linked directly to high profits for oil companies due to high energy-price volatility. A new report [PDF] from the Center for American Progress (CAP) finds that families and businesses are exposed to massive price swings for the vast majority of their energy spending. CAP Senior Fellow Christian E. Weller and Special Assistant for Economic Policy Jaryn Fields explain that these large price swings for gasoline and other energy prices make it even more difficult for families, businesses, and ultimately the entire American economy …
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Brad Johnson is the campaign manager of Forecast the Facts. He was previously the editor for ThinkProgress Green. Brad holds a bachelor's degree in math and physics from Amherst College and master's degree in geosciences from the Massachusetts Institute of Technology.