High Oil Prices and the Global Economy.

It's kind of ironic that in this time of globally reduced petroleum supplies that the countries with the greatest increases in oil demand are offering their citizens subsidized pricing. George Soros recently spoke about this point in a BBC interview.

Today the BBC provides a global overview of how high oil prices are influencing the global economy.

For comparison, here's how gasoline prices vary across the USA (courtesy of gasbuddy.com)

Comments

[sildenafil citrate]

Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Current economic models developed out of the broader field of political economy in the late 19th century, owing to a desire to use an empirical approach more akin to the physical sciences.

[jes4]

I am grateful for you discussing this in the internet page.

[JonRPatrick]

You know, I got ticked off about gas prices and went out to do something about it - now I don't worry too much. There's a membership club called FillerUp Club that works like Sam's Club or Costco. You buy your gas normally, and monthly you get 50% refunded back to you! It's been up and running since last Spring, and paying Rebates like clockwork. Here's a blog I put some additional information on about it: http://GasHalfPriced.com

[Tari Ledsome]

High oil prices lead to a higher cost of living. These also make us think twice whether to use the car or not. Add that to the regular maintenance costs of your vehicle, and you're looking at a big headache. I just hope that this will not last any longer.

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