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May 17, 2010

$100 Barrel Oil Must Be On Its Way


Plenty of chatter today about $100/barrel oil:

The richest man in Asia says the world should prepare for it.

“By most analyst accounts, crude oil prices will likely be above the $70 mark, and in the foreseeable future, in the worst case, we have to be prepared to again see a three digit oil price,” Ambani said at the Asia Petrochemical Industry Conference 2010 in Mumbai on Friday.

In the other hand, President Ahmadinejad, Iran, is saying the high price for oil is fake and deliberate.


Obama sees an increased pressure on the price of oil due to increased auto purchases in India and China.


Filed under:Fuel cost,Fuel Price Trends,Gas price | by Pump Girl @ 1:40 pm |