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Sky-High Oil Will Reshape World Power, Dent US Clout

Power shifts as global economies change

By Peter Fearon,  Newser Staff

Posted Jan 3, 2008 6:39 AM CST

(Newser) – The surging price of oil from $10 a barrel a decade ago to a record $100 today is remaking the global economy and altering the balance of power across the world, according to the Wall Street Journal. If oil prices continue to climb, as many...   Read full story »

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