High oil prices are fueling one of the biggest transfers of wealth in history. Oil consumers are paying $4 billion to $5 billion more for crude oil every day than they did just five years ago, pumping more than $2 trillion into the coffers of oil companies and ... Oil prices "are not spiking; they're just rising," he added.
www.washingtonpost.com/wp-dyn/content/article/2007/11/0... www.washingtonpost.com/wp-dyn/content/article/2007/11/09/AR2007110902573.html
2000s energy crisis - Wikipedia, the free encyclopedia
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. During 2003, the price rose above $30, reached $60 by August 11, 20...
en.wikipedia.org/wiki/2000s_energy_crisis
It is commonplace to blame rising oil prices on industrial expansion in China, but that is a misleading exaggeration. Long before China's rediscovery of capitalism, earlier Asian Tigers accounted for a rising share of world petroleum demand. ... When it comes to causes and effects of high oil prices, nobody in Washington...
www.cato.org/pub_display.php?pub_id=3947
View All Articles on: Causes and implications of rising oil prices ... Know something about Causes and implications of rising oil prices? We want to hear your view. Write now! ... How wood heat is making a comeback with rising oil prices...
www.helium.com/items/410807-gasoline-price-still-primar... www.helium.com/items/410807-gasoline-price-still-primarily
"Supply and demand. As far as demand is concerned, the unexpectedly strong development of China is playing a role. The leading forecast institutes had not expected that it would develop so fast and that it would lead to such a great de...
http://www.eur.nl/english/news/the_issue/issuearchive/2...
Congressional Energy Policy: Response to Rising Oil Prices (12-18-00 ... Bills and Hearings Addressing Solutions to Rising Oil Prices; Congress has been taking every chance it gets to express its discontent with the the current price of gas and heating oil.
www.agiweb.org/gap/legis106/oil_price.html www.agiweb.org/gap/legis106/oil_price.html
If you’re searching for a defining theme to 2008 this holiday weekend–perhaps while filling up at the pump–look no further than the soaring price of oil. Every day, the impact of high oil prices pervades the news, and that news is usually bad. ... Here’s our list of 50 things being blamed on rising fuel costs:
blogs.wsj.com/buzzwatch/2008/07/03/idea-watch-50-things... blogs.wsj.com/buzzwatch/2008/07/03/idea-watch-50-things-being-blamed-on-rising-oil-prices/
"The emerging capacity use squeeze within OPEC will drive oil prices relentlessly upwards. Any disruption of the oil supply - and there are numerous potential causes - will send oil prices off the charts in flashes reminiscent of 1974 and 1979." PLEASE NOTE GOLD SURGED 20% AND 126% IN THE RESPECTIVE YEARS!
www.gold-eagle.com/crude_oil/rising_oil.html www.gold-eagle.com/crude_oil/rising_oil.html
That deficit cant be blamed wholly on the rising price of oil or on U.S. oil imports in general, but the petroleum-related part of the deficit is now so large that it just about guarantees rising oil prices in the future.
moneycentral.msn.com/content/P100650.asp
There is a direct relationship between Dollar value and oil prices. All crude oil purchases worldwide have been conducted exclusively in U.S. Dollars for over thirty ... [ 4 ] Dollar causes record oil prices: Iran, Reuters, May 10, 2008 ... Dollar Inflation the Primary Cause of Rising Oil and Commodity Prices – PART 2...
echochambers.wordpress.com/2008/05/21/petrodollar-infla... echochambers.wordpress.com/2008/05/21/petrodollar-inflation-oil-prices-rise-when-the-dollar-falls/