Oil insecurity in the world.
A wave of international problems - and a case of nerves, what comes next - have pushed oil prices high enough to ensure a threat to the growth and the world a nasty event away from the economic crisis.
The price of crude oil blew past $ 46 a barrel Friday. Coupled with subpar forecasts of corporate profits, Surges in oil prices, investors have quite mischievous weigh down markets.
No miracle. The world turns to oil - as well as the U.S. economy - and higher prices are like a tax on households and economies of a load, silencers growth.
While consumers from higher oil prices it may seem, far from the global dimension that the events that drive prices, it is closer than you think. The scope of products based on oil is large, gasoline and heating oil for storage of food and pantyhose pocket.
Prices at the pump have eased in recent weeks, fell $ 2-a-gallon summits of the late spring. But experts say it is usually a delay of several weeks before the rise in oil prices - such as the recent increase - by consumers will be redistributed.
Much of the latest attack is linked to fears that terrorism or political upheaval could stifle oil production: Zinnengeschmückte president of Venezuela, the fifth largest world exporter of oil, faces a choice recalled Sunday. Without stability, the country’s oil production could be compromised.
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