Friday, December 18, 2009

Does the increase in oil price that occur some time ago had something to do with global warming issues?

There was a huge oil price increase, did this increase had to do with global warming regulations. If not what are the determinants for oil price.Does the increase in oil price that occur some time ago had something to do with global warming issues?
No. The price went up due to the increased world demand for oil and the production limits imposed by OPEC.Does the increase in oil price that occur some time ago had something to do with global warming issues?
No it had to do with supply, demand and perceived risk.

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