Saturday, September 10, 2005
Why global oil prices are rising
A rediff.com article which gives a very good background on why global oil prices are heading northwards unabated. The author attributes it to lower reserves, higher demand from China and low energy efficiency in the US.
He also feels that rising oil prices might eventually push investment into alternate energysources as well higher productivity in the oil fields.
He also feels that rising oil prices might eventually push investment into alternate energysources as well higher productivity in the oil fields.
|| crawled by kpowerinfinity, 9:57 am
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