to the new many feel that the town's historical heritage is being with cheesed to rubble so if r.t. judger. time out of the business with sharon. hello welcome to our business program i'm sure i. could all prices have hit two year highs in recent days as industrial production in the u.s. and europe picks up exports are optimistic about the oil price in two thousand and eleven but some claim it's entering a dangerous zone for the global economy and to discuss this in more detail i'm joined live by him and to take a. global director of the market reports at platts in london oh mr monts reckitt thank you for joining us. absolutely good morning or good afternoon because a pleasure to be with you. first question for you all prices have reached two year highs do you think a further rise could threaten the global economy. well i don't think so the fact that prices are rising is because there is strong demand so if the demand continuous industrially that is actually a good sign that the economy is healthy if the reflection in prices is underlying demand and production then good signals if the unde

to the new many feel that the town's historical heritage is being with cheesed to rubble so if r.t. judger time now for the business news with. hello welcome to our business program. could all prices have hit two year highs in recent days as industrial production in the u.s. and europe picks up exports are optimistic about the oil price in two thousand and eleven but with many all majors diversifying their output with alternative energies like natural gas some why this could hurt overall oil revenues jorge much of pick a global director of market ports plots in london explains the correlation over the long term there is competition among fuels and gas to some degree is already eating into the hearing home market and will continue to do that i mean to some industrial processes but in the short term any extra gas production is really not affecting oil prices in fact gas prices in some areas right now are what they were fifteen even twenty years ago but oil prices are two year highs way above the trend so saw for are those two products are really not affecting one of their this is actually fa