http://www.nowpublic.com/world/oil-crisis-need-global-regulatory-body
Parabolic rise in oil price is ploy of speculators who wants to reach
the price to such an height that its consumption decreases, allow the
artifical bubble to burst.
Rise in price seen retreating as Summit nears taking action.OPEC
countries remained static in investment to enhance capacities non OPEC
countries Britain Norway,Mexico and Russia did made an effort but
presently they too are in steady and their oil exploration cost
escalated.Non OPEC countries produce one third of oil OPEC produces.
