(EnergyAsia, November 30 2011, Wednesday) — Oil, not the financial markets, is the key driver of current account fluctuations and global economic dislocations, and is leading the world down an unsustainable path of development, according to the Bank of America Merrill Lynch. Oil will likely account for 96% of the US trade deficit this year and…
MARKETS: Oil is at the heart of global imbalances and unsustainable development, says Bank of America
Posted on November 30, 2011 by EnergyAsia