1. able2know
  2. » What does leverage mean?
1
   

What does leverage mean?

 
 
fansy
 
Reply Wed 23 Apr, 2008 05:23 pm
Quote:
US energy policy (or the lack thereof) is one driving force behind the end of unipolarity. Since the first oil shocks of the 1970s, US oil consumption has grown by some 20 per cent and, more important, US imports of petroleum products have more than doubled in volume and nearly doubled as a percentage of consumption. This growth in demand for foreign oil has helped drive up the world price from just over $20 a barrel to more than $100 a barrel. The result is an enormous transfer of wealth and leverage to those states with energy reserves.


What does "leverage" mean in this context?
  • 
  •  • 
  • Delicious Bookmark on Delicious
  •  • 
  • Share on Facebook
  •  • 
  • Share on MySpace
  • Topic Stats
  • Top Replies

  1  
Reply Thu 24 Apr, 2008 08:42 am
Advantage. Power.
0 Replies
 
 

 
  1. able2know
  2. » What does leverage mean?
Copyright © 2008 able2know :: Page generated in 0.1 seconds on 12/05/2008 at 04:02:00 :: Active ingredients: LAMP, XHTML, CSS, JavaScript
Top End