For the past one and a half decade, no major oil field has been found but the consumption of this scarce commodity is increasing with each passing day with continuation in the expansion of world GDP.
And with very little spend on finding alternative energy source for future use, it is more likely that crude oil prices will remain expensive. And hence crude oil will play a crucial role in keeping Inflation at high levels.
Saturday, August 4, 2007
Crude Oil
Posted by fantastic at 2:06 AM
Labels: Commodities, Crude Oil, Energy, Inflation