Word: qabazard
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Dates: during 2000-2009
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...major cause of current high oil prices, of course, is record demand, fueled first and foremost by China's booming economy. "China is the major factor in demand," says OPEC research director Hasan Qabazard. He predicts that world oil demand will increase about 30% to 118 million barrels...
...question of speculation and exchange rates: Investors have poured billions into oil futures, in part because oil is priced in dollars, meaning that its price soars as the dollar sinks. "There's only so much OPEC can do, because we have no influence over those factors," says Qabazard...
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