Prices of various benchmark crude oils soared as traders, policy makers and industry analysts feared a repeat of the kind of oil price upheavals that had shaken the global economy several times in the 1970s.
Masahiro Origuchi of Japan's Goodwill Group saw his $1.7 billion paper fortune shrivel to $455 million during recent equity price upheavals, but he is still the same paradoxical sort: The 38-year-old drives his $260,000 Lamborghini every day to the cluttered rat-warren in Tokyo's Roppongi entertainment district where he plots a revolution in his country's stodgy labor market.
Within months, a tsunami in Japan, a worsening of the European debt crisis and a spike in oil prices amid upheaval in the Mideast all combined to stall the recovery and threaten a relapse to recession.
Mr. Trichet also noted that higher energy prices, along with upheaval in the Middle East, were beginning to affect the cost of manufactured goods.
Voters link increases in gas prices to the upheaval in the Middle East, as Libya follows Iraq and Afghanistan on the list of American military commitments.
Had the oil price undergone similar upheavals it would have provoked endless discussion.In this section Law and disorder Precious relic Don't call me junk Time for a rethink Monte to climb The lore of ore Concrete gains ReprintsIron ore lacks the clout of oil for several reasons.
The news, war, peace, famine, upheaval, the price per paper clip.
In a world of nonstop technological upheaval, the price of hedges can be pretty stiff.
Now, falling prices are causing major upheaval.
According to a statement posted on the Internet by the U.S. State Department, 419 schemes began to proliferate in the mid-nineteen-eighties, when a collapse in oil prices caused severe economic upheaval in Nigeria.
