Energy Literacy Advocates Newsroom
Energy Literacy Advocates (ELA) is a non-partisan, non-profit, public education and advocacy group dedicated to improving the energy literacy of all sectors of our democracy in order to empower a comprehensive national energy policy that is responsible and sustainable. Stay tuned for updated energy news!
Thursday, June 25, 2009
Oil Price Bubble Could Strike Again
During joint talks between the European Union (EU) and OPEC, officials warned that another oil price spike could threaten economic recovery.
OPEC is calling for greater transparency and regulation, particularly in the global economic market, to prevent another price bubble.
Oil is currently trading at $68 dollars per barrel, far below the record of $150 set last year.
Labels: economy, oil price, oil supply, oil supply/demand
posted by Amanda Voss at 9:26 AM
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