Thursday, April 28, 2011

Rising Oil Prices

So far the scale of the current oil price shock is relatively small in comparison to the other rises since World War II. Although over the past 8-months, oil prices have risen by 50%, this pales in comparison to the 240% rise over a few weeks in 1973/4, 150% over six months in 1978/9 and 100% over a year in 2007/8 to name a few. Will oil price above $125 per barrel threaten the US recovery?

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1 Comments:

At 12:43 AM, Blogger chirstmas said...

If you feel that fuel cost is emptying your wallet then your option should be go to fuel additives are touted as great products that help you get more mileage. Decrease hydrocarbon and carbon monoxide emissions in the exhaust .fuel additives do increase your car's mpg, and they do accelerate combustion, which gives your vehicle more power and an overall smoother performance.

 

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