WHY OIL PRICES ARE SO HIGH IS A MATTER ON THE MINDS OF many,especially the staff at the Energy Information Administration,the statistics branch of the U.S.Department of Energy.This month,in addition to its usual Short-Term Energy Outlook,the EIA published a supplemental report that details the reasons behind high oil prices.(On Nov.28,the Associated Press reported that light,sweet crude for January delivery on the New York Mercantile Exchange rose 33 cents to 94.75 a barrel in electronic trading in Europe.)
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