Energy
Originally published on Tue May 8, 2012 1:42 pm
World oil prices have been falling recently — and that's good news for oil consumers such as the U.S., Europe and China, and a potential challenge for the big exporters like Saudi Arabia and Russia.
The oil market is notoriously volatile, and the factors driving prices down are temporary. But some energy industry analysts are posing a much larger question: Is the world, and the U.S. in particular, entering a new phase of expanding energy supplies and more moderate prices?
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