Affordable Renewal Energy

Why Oil Prices Are So High

  • Posted by
  • October 29, 2007

excerpt:
The recent jumps in oil prices can be linked to four things - fears over supply shortages, political tensions, a weak dollar and strong demand.

Reports from America's Energy Information Administration have revealed that oil stocks in the US are much lower than expected, sparking concern over a lack of supply ahead of the winter months.


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October 29th, 2007
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