Blog Flux Directory Subscribe in NewsGator Online Subscribe with Bloglines Blog directory
And, yes, I DO take it personally: $200USD a barrel oil in six months
Mandy: Great blog!
Mark: Thanks to all the contributors on this blog. When I want to get information on the events that really matter, I come here.
Penny: I'm glad I found your blog (from a comment on Think Progress), it's comprehensive and very insightful.
Eric: Nice site....I enjoyed it and will be back.
nora kelly: I enjoy your site. Keep it up! I particularly like your insights on Latin America.
Alison: Loquacious as ever with a touch of elegance -- & right on target as usual!
"Everybody's worried about stopping terrorism. Well, there's a really easy way: stop participating in it."
- Noam Chomsky
Send tips and other comments to: /* ---- overrides for post page ---- */ .post { padding: 0; border: none; }

Friday, May 09, 2008

$200USD a barrel oil in six months

c'mon, house of cards... fall down... c'mon... c'mon...
The price of crude oil could soar to 200 US dollars a barrel in as little as six months, as supply continues to struggle to meet demand, warned a report from Goldman Sachs energy strategist Argun Murti as benchmark US light crude passed the 123 dollars mark for the first time

Surging demand was increasingly likely to create a "super-spike" past 200 in six months-to-two years' time, he said. Oil prices have now risen by 25% in the last four months and 400% since 2001.

Mr Murti correctly predicted three years ago, when oil was about 55 US dollars a barrel that it would pass 100 dollars which it reached for the first time in January of this year.

i don't wish anyone any unnecessary pain, but, fercryinoutloud, let's stop the slo-mo collapse... it's going to happen... it NEEDS to happen... let's get it the hell over with...

Labels: , , , ,

Submit To Propeller

And, yes, I DO take it personally home page