Reducing energy dependence on fossil fuel.(FOCUS)

From: Indonesian Commercial Newsletter | Date: January 1, 2008 | Copyright information

Prices of crude oil still unstable

The high prices of crude oil have forced many countries to review their energy policies to make adjustments to the condition. In the past year the soaring oil prices have drawn the attention of the world as it affects the interest of almost everybody. The surge in the oil polices since the middle of last year followed the bloody conflicts in northern Iraq, tensions between Iran and the western countries over nuclear issue.

The condition was worse with declining supply from some major producers such as Nigeria where production has been ...

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