Mouawad, Jad; Krauss, Clifford
February 2008
New York Times Upfront;2/11/2008, Vol. 140 Issue 9, p15
This article explores the economic impact of the soaring global oil prices in 2008. According to the author, prices of goods and services are increasing due to high oil prices. He observes that the leaders of oil-rich countries like Iran, Russia and Venezuela are enjoying the trend. He attributes the soaring oil prices to increasing demand for the commodity, primarily from the booming economies of China, India and other developing countries.


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