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Oil Price

2010 vs. 2005: Pay 40% more for the same amount of crude oil

The EIA crude oil data for December 2010 have come out, giving us the total for 2010 which was practically on the same level as 2005, but the world paid US $80/barrel instead of $57, a 40% increase for getting the same amount of oil.

Push the economy to grow with a higher demand for oil [...]