Three nations that could really increase global oil supply

Oil’s record price rise in 2007-2008 rivals price increases during the two previous oil shocks, in 1973-74 and 1979-80.

Moreover, while we’ll leave for sector analysts and economists to declare if oil’s 100% gain in 2008 and 400% gain since 2000 qualifies for an oil shock, those analysts and economists generally agree that the price rise has been driven by rising demand, particularly increased demand for oil in emerging markets, such as China and India.

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