摘要
Geopolitical upheaval has less influence on oil prices than many assumeWhereas most primary commodities have dropped drastically in price,crude oil remains as much as$100 per barrel.It is in effect a result of manipulative actions and is unlikely to be sustained over the long term.The Organization of Petroleum Exporting Countries(OPEC)has been driving the
Whereas most primary commodities have dropped drastically in price, crude oil remains as much as $100 per barrel.It is in effect a result of manipulative actions and is unlikely to be sustained over the long term. The Organization of Petroleum Exporting Countries （OPEC） has been driving the high oil prices through manipulative behaviors such as limiting oil production quotas. With the current pricing mechanism, oil is only partially affected by the relationship of sup- ply and demand. Despite the regime change in Egypt and factional conflicts over Libyan oil fields, instability in the world＇s most oil- rich region has little to do with today＇s high energy prices.
