Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


Page added on July 31, 2006

Bookmark and Share

Analysis: $100 Oil No Reason Yet to Panic

(UPI) — It`s been just over a year since Wall Street powerhouse Goldman Sachs released a report stating that oil prices could spike to more than $100 per barrel in the near future, which caused more than a few eyebrows to be raised and created mild panic in the energy markets. Since then, however, the possibility of petroleum spiking to triple digits is not such a pie in the sky.

What`s more, even if oil does surge above $100, its impact on the broader U.S. and global economies are likely to be limited, some economists say.
M&C News



Leave a Reply

Your email address will not be published. Required fields are marked *