NPR: Despite the rising cost of energy, the global economy keeps growing

Today on NPR’s Morning Edition:

Oil prices have hit another record, topping $82 a barrel. Despite the rising cost of energy, the global economy keeps growing. But some observers wonder how long that can last…

How come they can’t figure out that energy costs are up because of the growing global economy, not despite it? I’m certainly not happy about higher energy prices, but they are up because the global economy is growing, and that means higher demand for energy. Higher demand with no increase in supply means higher prices. Why can’t NPR understand this?

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