As ever, David McWilliams, writes an interesting piece (24/2/08) but fails to state the obvious. He cites the reason for high oil prices as 9/11 and Bin Laden. This is flawed on two counts.
9/11 may have caused a price ‘blip’, but it is far more likely that sustained high prices have more to do with the peak of oil production which, even allowing for a little manipulation by the producer cartels, is where we are now,...
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