Showing posts with label oil price hikes. Show all posts
Showing posts with label oil price hikes. Show all posts

Friday, 24 July 2009

Low global oil production leading to higher oil price levels at demand levels below 2008

The oil rig count is expected to increase as drill bit ordering rises, as the oil industry forecast an increase in oil prices with some high spikes!

Will this further fuel green business and the development of alternative-energy technology?