Why Oil Prices Skyrocketed

With the cost of crude oil surging to record highs, a heated battle of blame is in full swing, with a lineup of suspects that includes the oil industry, Congress, commodity speculators, environmentalists and developing countries in Asia….

So opens the article that I was reading on Livescience.com.
The article is a quick rundown on the reasons why the cost of oil has risen so much over the past year.

Click on the headline to read the article

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Filed under Asia, environmentalists, Oil industry, Oil Prices, Peak oil, speculators

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