Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

High Oil Prices and the Global Economy.

It's kind of ironic that in this time of globally reduced petroleum supplies that the countries with the greatest increases in oil demand are offering their citizens subsidized pricing. George Soros recently spoke about this point in a BBC interview.

Today the BBC provides a global overview of how high oil prices are influencing the global economy.

For comparison, here's how gasoline prices vary across the USA (courtesy of gasbuddy.com)