|
| |  |
| Opec warns oil prices could rocket to $500 a barrel |
|
 The nightmare scenario of oil reaching $500 a barrel within a few years was raised at the weekend by a member of OPEC's governing council.
It would mean a fourfold increase from current prices and ends any hope the ECB has of getting inflation under control.
Such a rise would also pose a serious threat to economic growth in oil importing countries.
Iran's OPEC governor Mohammad Ali Khatibi has warned oil prices could reach as high as $500 per barrel in a few years' time if the US dollar falls further and political tension worsens.
BelfastTelegraph
|
|
Posted on Monday, July 28 @ 11:01:27 PDT by stu |
|
|
|
|
| |
|
Average Score: 5
Votes: 2
|
|
| |
|
|
|
|
| "Opec warns oil prices could rocket to $500 a barrel" | Login/Create an Account | 0 comments |
|
| | The comments are owned by the poster. We aren't responsible for their content. |
|
|
|
|
|
| No Comments Allowed for Anonymous, please register |
|
|
|
|
|
|
News
Discussions
Resources
Members
