Oil prices are soaring for three key reasons: the decline in the dollar, increase in demand from China, India and other countries, and finally decrease in supply due to underinvestment in oil fields and decrease in oil production.
The decrease in oil production from existing fields is primarily due to passing peak oil. As oil is [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
Oil shock: China and Mexico, not Exxon, stupid
Posted by Matt in May 25th, 2008 | no comment
Published in Oil, Carbon Dioxide, Credit Markets, Demand, Dollar, Dollar Increase, Exxon, Government Budgets, Key Reasons, Meltdown, Oil Field, Oil Fields, Oil Prices, Oil Production, Oil Shock, Overspending, peak oil, Real Assets, Scandals, Slowdown, Subsidies, Supply, Supply And Demand, Water Steam
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