The recent chaos in Syria, Egypt and Libya has pushed up oil prices by as much as $16 a barrel above the three-year average of 2010-2012, making it far more expensive to drive and to run businesses. But the root of the price spike is not the mayhem itself, but the fact that the the […]

via Quartz http://qz.com/120068/oil-prices-are-up-because-of-a-crucial-little-detail-in-how-we-count-barrels-of-oil/