Did anyone notice King Abdullah of Saudi Arabia dining with Queen Elizabeth II at Buckingham Palace this week? The King couldn't have asked for a better way to remind the western world of his country's importance, than with last week's record oil price.
The price of a barrel of oil has more than quadrupled since the fall of Baghdad in 2002. This week, oil prices have inched closer to an all-time high of $100 a barrel before retreating. The fall in the US dollar, high demand for winter fuel supplies in the Northern hemisphere, and developing countries like China have led to the rise, experts say.
Link TV's Middle East analyst and award-winning producer, Jamal Dajani, gives his unique perspective and insight, on last week's record oil prices, on his weekly show the "Mosaic Intelligence Report."
To learn more, click on the link below to watch Link TV's Mosaic Intelligence Report.
MIR: Oil Is King