Saturday, February 26, 2011

Oil Price: The major fear for 2011

Many people in USA and in other parts of the world thought that in 2011, they would really come out of the shadow of the economic recession that plagued the whole world from mid-2008 to the end of 2009. Well, rising oil price is becoming a major threat to the fulfillment of the dream. Oil price is now hovering around $100 a barrel and there is every indication that it will only increase in the next few months.
It is not only the people in USA who are worried about this problem but people around the world are concerned because most countries on earth import oil not export.