Stumbling Toward Enlightenment

Gatherings from the Internet

20/05/2013
by barenose
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BP, Shell, Statoil accused of fixing oil prices

High oil prices also feeds through to bigger bills for food, clothes and other essentials because it pushes up the cost of transport and manufacturing. A high oil price will also fuel inflation, which erodes the value of people’s savings, and can stifle economic growth, by pushing up businesses’ costs. Continue reading

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