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The Price of Fear
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 398 no. 8723 (Mar. 2011)
,
page 27- 30.
Topik:
Price of Fear
;
Barrel of Oil
;
Economy
;
Oil
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.65
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
A complex chain of cause and effect links the Arab world’s turmoil to the health of the world economy Two factors determine the price of a barrel of oil: the fundamental laws of supply and demand, and naked fear. Both are being tested by the violence that is tearing through Libya, the world’s 13th-largest oil exporter. The price of a barrel of Brent crude now hovers around $115. On February 24th, however, it rose to almost $120, as traders realised that they might have to do for a while without some or all of Libya’s exports: some 1.4m barrels a day (b/d), or about 2% of the world’s needs.
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