The "Big Thirst"- for Oil

From a great graphic by Bill Marsh of the New York Times

The New York Times writes about the factors causing the rise in the price of oil, which hit $ 116 per barrel this week. Jad Mouawad hits all the usual suspects, such as the weak dollar, worries about terrorism (?) and demand, saying "Producers are struggling to pump as much as they can to quench the thirst not only of the developed world, but fast-growing developing nations like China and India, the two most populous countries." However he then goes on to say "The number...