THE price of oil may soon hit $200 a barrel—or so, at any rate, believes Shokri Ghanem, Libya’s oil minister. A few years ago such a prediction would have seemed absurd. But the price has doubled in the past year and has risen by 40% this year alone. It touched yet another record, of over [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Double, oil and trouble
Posted by Matt in May 23rd, 2008 | no comment
Published in Oil, American Oil, Brazil, Cambridge Associates, Cambridge Energy Research Associates, Double Trouble, Economist, Economy, Energy Information Administration, Energy Research, International Energy Agency, Libya Oil, Oil Inventories, Oil Minister, Oil Price, Paris, Price Of Grain, Price Of Oil, Scandal, Senate Judiciary Committee, Senator Joe Liberman, Shokri Ghanem, Speculators, Unexpected Fall, Viewswire
Crude oil threat
Posted by Matt in May 22nd, 2008 | no comment
Published in Oil, Crude Oil, Economy, Energy Information Administration, Energy Intensity, Explanations, Gdp, Oil Price Rise, Oil Threat
There are three explanations for the oil price’s muffled impact. The first is that nowadays developed economies are more efficient in their use of energy, thanks partly to the increased importance of service industries and the diminished role of manufacturing. According to the Energy Information Administration, the energy intensity of America’s GDP fell by 42% [...]
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