07-18-2006

Oil price soon over 100 dollars?

Due to the conflict between Lebanon and Israel an oil price of over 100 dollars could be possible in th near future. Let’s just hope that there will be few hurricanes in the Mexican Gulf this hurricane season, otherwise the oil price will go up even more if the oil riggs in the Gulf can produce oil as they should.

Not only the oil is getting more and more expensive due to the conflict, but also gold and ethanol.

Posted by bylla in Economics, English, Ethanol, Oil | RSS 2.0

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