Oil prices hit yet another record this week, on fears of political instability in the Middle East and refining problems in America. So far, the world economy has managed to chug along without much ill effect. But how long can consumers go on paying ever more at the pump without cutting back elsewhere? And why aren’t high prices bringing new supplies to market?
Links: America's Department of Energy posts its short-term outlook. Cambridge Energy Research Associates indicates that capacity could rise by 16m bpd. “Oil Market Developments and Issues” [pdf] is published by the International Monetary Fund.
Links: America's Department of Energy posts its short-term outlook. Cambridge Energy Research Associates indicates that capacity could rise by 16m bpd. “Oil Market Developments and Issues” [pdf] is published by the International Monetary Fund.
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Stop the copy-and-paste.
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