$250 a barrel, near term.

Discussion in 'World Events' started by See Post, Jun 10, 2008.

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  1. See Post

    See Post New Member

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    Originally Posted By X-san

    That's the current investor chatter.

    And I recently spoke with a friend who is an executive with a major oil company who is CONVINCED that $200 per barrel is right around the corner.

    For those who might be skeptical, just look at how many experts (perhaps a majority?) insisted that $100 would NEVER happen (even a year or two ago).

    So, where would that leave us?

    I'm thinking there will be a boom in alternative energies for a start. I even read somewhere that coal becomes viable at $200.

    Interesting food for thought (unless of course, you drive an SUV...then it's just a nightmare lol).
     

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