Oil at $123.53 per barrel - Next Stop $200?
The price of a barrel of oil closed at $123.53 today, once again, a new record An analyst at financial firm Goldman Sachs said oil prices could continue to rise to $200 per barrel within the next 2 years. At $200 per barrel, expect gas in the U.S. to average around $7 per gallon. Is it any wonder American automobile manufacturers are suffering after pushing SUV's for the last several years?
Update - Last time I checked the price was over $144 a barrel... Pretty crazy.
Wednesday, July 09, 2008 13:48:18
A ToastTheTrends Reader says:I agree with Merchant..
Tuesday, September 02, 2008 10:45:08
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Sunday, September 14, 2008 13:20:40
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Friday, October 10, 2008 02:39:45