Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
When you started the series 18 months ago oil was in the $50 - 60 region, but most of the movement to $100 has taken place in the last 3 - 6 months as the situation began to fracture.

So, will oil hang around the psychologically significant figure of $100 ? Or will the continued descent of the dollar keep things moving ? I'd guess the latter very strongly. It could just as easily be $150 by mid-summer as it could be lurking at $120.

But the question is, now you've proved your point is there any reason to have a series of quickly achievable prices, eg $200. Or would it be more interesting to set the bar higher as a statement of intent at how badly things will deteriorate in politically significant timescales ? In which case $500 might be more useful.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Wed Jan 2nd, 2008 at 01:02:43 PM EST

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