Oil and water do mix



Fuelled by surging demand from the rapidly emerging Asian economic powers of China and India, as well as fears over supply constraints, the price of oil has almost doubled in the past year. The one-month futures price for Brent crude oil was $66.51 a barrel on May 14, 2007; on May 22, 2008, the price stood at $130.51. Furthermore, the likes of Goldman Sachs have predicted oil prices could touch $200 within the next two years.StatoilHydro, the largest revenue-generating company in the Nordic