Sunday, March 04, 2007

Global supply & demand do their thing.

"In the early part of the decade new production from the former Soviet Union accounted for most of the growth in the world's supply of oil and gas. But when Mr Putin began his campaign to take control of Russia's resources, that growth stalled, just as China's demand for energy was taking off. The present high prices for oil and gas are the result." - The Economist

Labels: ,


Post a Comment

<< Home