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| Eyes of World on Price of Oil; $100/Barrel Predicted by 2010 |
| 2004-06-05 |
| It is no coincidence that from 1973 to 1982, a period in which oil prices rose from below $5 a barrel to nearly $40 a barrel, was one of the most turbulent times in US economic history. Inflation soared into double digits, 10-year Treasury notes yielded 16 percent and the economy experienced three recessions. Oil-driven inflation is lying ahead and oil prices are likely to rise to triple digit territory -- $100 a barrel at a minimum, and probably higher -- by the end of the decade and possibly sooner. Inflation ultimately is likely to reach levels well into the double digits. The interactions of these two factors will establish the parameters of the entire investment environment for the next decade or longer. To stay Ahead of the Curve, every investor needs to watch oil, tracking the direction of oil prices at any given time and tailoring their investments to fit with what oil dictates. |
| Posted by:Mark Espinola |
| #5 well if that happened politcal forces here would push for hydrogen and political forces in the shit hole we call the middle east would push for lower prices...money may force moderates asshats to stand up to the fanactics |
| Posted by: Anonymous5134 2004-06-05 9:01:33 PM |
| #4 Thinking about these statistics certainly makes one wonder why Mr Bush decided to invade Iraq, doesn't it? It's amazing how one little sentence can destroy the credibility of what is purported to be a factual article. The author just couldn't help himself - the pathetic little idealogue. |
| Posted by: RWV 2004-06-05 10:10:46 AM |
| #3 Nope, I can't even see that!! That would make a gallon of gas a cool $10!!!You think the 'Boston Tea Party' would be reinacted, They'd overfill those salt domes with 'tea leaves' at that point!! I wouldn't want to be President. |
| Posted by: smn 2004-06-05 2:04:21 AM |
| #2 This Michael Press guy is a moron... how do people who don't have the faintest comprehension of what they're talking about get press? |
| Posted by: Damn_Proud_American 2004-06-05 1:33:00 AM |
| #1 Blah, Blah, Blah - Same story, different decade. |
| Posted by: Douglas De Bono 2004-06-05 12:35:37 AM |