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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (47057)	10/15/2004 8:08:26 PM
From: IQBAL LATIF	Respond to of 50167

The High Price Of Oil Paul Maidment, 08.09.04, 6:00 AM ET We are consuming oil this year faster than previously thought. The International Energy Agency now forecasts that the world will consume 78.7 million barrels a day in the second quarter of this year, 400,000 barrels a day more than the agency's previous forecast, and 3.4% more than in the same quarter of 2003. This demand surge has combined with supply-threatening political uncertainties, notably in the Middle East, to drive crude oil to prices not seen before. This brief looks at the factors and actors behind today's high oil prices. Click on any link below to go directly to that section. forbes.com