Page added on October 29, 2007
$90 oil may one day seem like the good old days
In the decade ahead, that
More Demand, Less Supply
As oil has zoomed past $90 per barrel recently, analysts and pundits have pointed to speculation and geopolitical tension in the Middle East and Nigeria. While these factors play a role, especially short term, the overriding reason for consistently higher prices comes back to supply and demand. We may see the oil price drop soon for a short period, but oil hasn
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