High oil prices? You ain’t seen nothing yet
Week of January 13, 2008 // Petroleum News
If you think $100 per barrel oil is costly, consider $180 per barrel oil.
The former is here, while the latter may be in our not-too-distant future, according to two well-known oil industry analysts.
While energy prices retreated during the second week of January amid continued signs of a slowing economy and forecasts for mild weather in the Northeast, crude oil prices are still hovering about 70 percent higher than year-ago levels.