European Tribune - Comments - Countdown to $200 oil: International Energy Agency says current prices justified

Countdown to $200 oil: International Energy Agency says current prices justified | 57 comments (57 topical, editorial, 0 hidden)

Re: Countdown to $200 oil: International Energy Ag (4.00 / 5)

Considering that oil isn't optional, it's bizarre that prices haven't been higher for longer.

I wonder if the role of the optimistic predictions hasn't been to reflect reality, but to create downward pressure on prices.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Wed Jul 2nd, 2008 at 07:03:53 AM EST
[ Parent ]

Re: Countdown to $200 oil: International Energy Ag (4.00 / 2)

I'm translating an interview with the OPEC secretary general in which he claims it's the other way around.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes

by Migeru (migeru at eurotrib dot com) on Wed Jul 2nd, 2008 at 07:11:05 AM EST
[ Parent ]

Countdown to $200 oil: International Energy Agency says current prices justified | 57 comments (57 topical, 0 editorial, 0 hidden)

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