April 30, 2006

$100 Oil Watch

One major oil shock is likely to send prices over $100 a barrel, according to the London Observer.

Analysts and traders are all roiled up over Iran’s potential to disrupt global oil prices. $85 a barrel is the current inflation-adjusted all-time high price of crude - Petropulse will put good money on that benchmark being breached by the end of the summer.

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