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This is Why the Price of Oil can Pass $147 a Barrel
Posted: 06-Apr-2011
Posted: 06-Apr-2011
It seems that the oil circumstances now are leading us to worse than the ones that prevailed in July 2008 when the price of WTI oil reached $147 a barrel on July 11, 2008. But this time we have much more geopolitical risk than we had in summer 2008. Why is the oil situation now getting much worse than it was in summer 2008? How far can the oil price go high this time?
Before I complete this post, let me remind you of the one I posted on June 2, 2009.
http://blogs.zawya.com/shawkat.hammoudeh/090602220513/
To be continued.
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