Comment, analysis and general musings about what is happening in the world of environmental and natural resource policy, management and governance. Discussion, reaction, corrections and contrary opinions encouraged.
NOTE: THE VIEWS EXPRESSED HERE ARE MY OWN AND NOT THOSE OF NORTH CAROLINA STATE UNIVERSITY
Monday, December 8, 2008
Falling Oil Prices
Last week the price of oil fell to $47 per barrel. Demand for oil is falling due to the slowdown in the world economy. An article in the Economist suggests that global oil demand may fall for the first time since 1993.
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