Posted by Robin Thieu on June 23, 2008

http://news.bbc.co.uk/2/hi/business/7090664.stm
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Global oil industry in figures
BBC – Wednesday, 2 January 2008
The importance of oil to global economies has been brought into focus as prices reach more than $100 a barrel.
Follow the links for a snapshot of the industry and how reserves, consumption and trade differ around the world.
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- Weak US Dollar
- Supply Concerns
- Demand Growth
- Political Instability
- Market Speculation
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Posted by Robin Thieu on June 20, 2008

http://www.economist.com/research/articlesBySubject/displaystory.cfm?subjectid=7933596&story_id=11325132
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May 7th 2008
From Economist.com
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OIL briefly reached another record on Tuesday May 6th as West Texas Intermediate traded at over $122 a barrel for the first time. Ten years ago a barrel fetched around $15. The feeble dollar, soaring demand and supply constraints have all helped to push up prices by 25% in the past four months alone. And there is little sign of respite for worried governments and consumers. This week Goldman Sachs, a bank, predicted that oil could reach $200 a barrel before the end of the year.
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