Does the increase in oil price that occur some time ago had something to do with global warming issues?

There was a huge oil price increase, did this increase had to do with global warming regulations. If not what are the determinants for oil price.

2 Responses to “Does the increase in oil price that occur some time ago had something to do with global warming issues?”

  1. cbjack Says:

    No. The price went up due to the increased world demand for oil and the production limits imposed by OPEC.

  2. Jeremy W Says:

    No it had to do with supply, demand and perceived risk.