This was published in mint.com on Jun 26th: http://www.livemint.com/2009/06/25215141/Beware-of-another-oil-shock.html After hitting a low around $32 last December, the price of a barrel of oil has risen to the $70+ range. While the net effect of this will lead to renewed inflation and hit our wallets, what is the medium-term outlook for oil? All predictions are risky, but it is likely that prices will go right back up into the $100 range, resulting in many attendant problems for the world economy.
Beware of another oil shock
Beware of another oil shock
Beware of another oil shock
This was published in mint.com on Jun 26th: http://www.livemint.com/2009/06/25215141/Beware-of-another-oil-shock.html After hitting a low around $32 last December, the price of a barrel of oil has risen to the $70+ range. While the net effect of this will lead to renewed inflation and hit our wallets, what is the medium-term outlook for oil? All predictions are risky, but it is likely that prices will go right back up into the $100 range, resulting in many attendant problems for the world economy.