As tensions in the Middle East surfaced oil prices soar at an all time high. Libya holds the most oil reserves in Africa and is the world's 15th-largest crude exporter. As the Libyan government cracked down on protesters, companies suspend productions which affect the global market economy. The long-term trends of supply and demand are questionable due to the current stage of Libya. The global economy is very sensitive to the oil market because as supplies drop, prices rise and that affect people from around the world. Low on supplies means that we have to pay more at the pump. Please go to this link to learn more.
http://www.msnbc.msn.com/id/41714735/ns/business-eye_on_the_economy/
http://www.rferl.org/content/oil_prices_rise_libya_crisis/2318595.html
No comments:
Post a Comment