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Dave was talking about the need to find alternative energy sources. How little control we have of oil prices!! The following factors affect the price of crude oil, and influence and interact with each other: Organization of Petroleum Exporting Countries (OPEC) Saudi Arabia The US dollar Interest rates Speculation Iran Iraq Venezuela Nigeria Mexico Russia Cold weather Hot weather Hurricanes Supply Demand India China
LOL, Thanks Elaine ,
ReplyDeleteMike
oh boy. Gives me the willies...
ReplyDeleteDave was talking about the need to find alternative energy sources. How little control we have of oil prices!! The following factors affect the price of crude oil, and influence and interact with each other:
ReplyDeleteOrganization of Petroleum Exporting Countries (OPEC)
Saudi Arabia
The US dollar
Interest rates
Speculation
Iran
Iraq
Venezuela
Nigeria
Mexico
Russia
Cold weather
Hot weather
Hurricanes
Supply
Demand
India
China