Thursday, May 18, 2006

Why this hike and who are behind? -II

What are the reasons behind the increase in the price of oil, Abid Mustafa sees the problem from a global perspective

Other factors such as the weakness of the dollar and the falsifying of oil reserve inventories by oil companies such as shell have added to market uncertainty over the past few years and have helped to push up the price of oil.
Whilst the aforementioned only tell part of the story the underlying causes foretell higher oil prices and conflicts between nations over the control of the remaining hydrocarbons. The underlying causes can be summarized as follows:-

( Full story here )

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