TITLE

Oil Demand Stagnates But Not Prices

PUB. DATE
May 2008
SOURCE
USA Today Magazine;May2008, Vol. 136 Issue 2756, p6
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that oil prices have skyrocketed despite the fact that world oil demand grew just one percent in 2007, according to a study by the Worldwatch Institute. Contrary to published reports, the new era of $100-plus-a-barrel oil is not caused by soaring demand, but by inadequate global supply. In March 2008 world oil prices hit $110 per barrel, breaking the inflation-adjusted record set in April 1980.
ACCESSION #
32170104

 

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