Does the increase in oil price that occur some time ago had something to do with global warming issues?

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oil price
I’mTheQuestionWithoutAnswer! asked:


There was a huge oil price increase, did this increase had to do with global warming regulations. If not what are the determinants for oil price.

Portable Closet
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    • This entry was posted on Saturday, November 14th, 2009 at 10:13 am and is filed under oil prices. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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    2 Responses to “Does the increase in oil price that occur some time ago had something to do with global warming issues?”

    1. Jeremy W Says:
      November 16th, 2009 at 5:46 am

      No it had to do with supply, demand and perceived risk.

    2. cbjack Says:
      November 16th, 2009 at 11:13 pm

      For oil and the price went up due to the increased world demand for oil and the price went up due to the production limits imposed by opec.
      For oil and the production limits imposed by opec.