The stability of the global economy is under threat due to oil prices entering a "dangerous zone," according to the international Energy Agency's (IEA) chief economist, Fatih Birol. His warning follows new analysis from the Paris-based IEA that found oil import costs for member countries of the Organization for Economic Cooperation & Development (OECD) have shot up by $200 billion to $790 billion as of the end of 2010.
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