| 14.12.2011 - Explaining high oil prices |
| The U.S. economy is limping along, unemployment is still high, and gasoline demand for this time of year is at its lowest since the 1990s. So why does a barrel of domestic crude cost around $100? Nymex crude futures have been on a tear lately, soaring 35% from the beginning of October to their recent peak in mid-November, and have crossed the $100-a-barrel threshold a handful of times...............................................Full Article: Source |