‘Certainty’ of energy crisis more likely following oil price increase

Oil-rich nations including Saudi Arabia, Russia, Norway, Kuwait, Nigeria and Venezuela are awash in cash due to recent oil price increases.

Investors who own oil companies based in the United States have also benefited from rising stock prices, stock buy-backs, and dividends. However, rising oil prices cut into profits of U.S. businesses because of the increases in manufacturing and transportation expense that result.