The Washington Post
November 25, 2011
With the world economy so weak, why are oil prices so high?
Economic crisis grips Europe, slow growth plagues the United States, and China’s breakneck expansion shows signs of a slight slowing.
Euro zone leaders aim to stem the continent’s debt woes as protesters take to the streets in some countries to show their dissatisfaction with austerity measures.
Yet the global price of oil might set a record this year as consumption creeps up and world output struggles to keep pace.