Monday, August 23, 2010

Why crude oil prices are going high day to day?

There are a bunch of factors. Disruptions of oil in Nigeria, The iraq war, the Iran stand off with the world (In particular the US), increasing demand of oil in the world ( in particular China and India), and other minor factors.


Its a simple economic thing, the more people demand, prices go up. As China and India start developing, they need more and more fuel to function, they demand more, in fact look at their population, china and india make 1/3 of the worlds population. This demand drives the price up. Iraq war, is anothe rmajor factor. Everytime, US and Iran have a heated battle of words, prices will go up, speculations make prices go up. Analysts predict prices will go up, hope this helplsWhy crude oil prices are going high day to day?
because the government is loosing money because of what happend in mississippiWhy crude oil prices are going high day to day?
Greed.
because, availability of crude oil is less.

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