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Periscope.
Byline: John D. Sparks and Eve Conant, Christian Caryl and Hideko Takayama, Malcolm Beith, Allan Sloan, Peter Suciu, Malcolm Jones, Lorraine Ali, Nicki Gostin
Oil: Beyond the Horizon
As oil prices breached the $50 mark again last Friday, the dour prophets who foresee the imminent collapse of the oil age could have been forgiven for saying "I told you so." Rebel militias had threatened to attack oil-company pipelines in Nigeria, which pumps 2.3 million barrels a day; in Iraq, unrelenting violence made prospects for that country seem even bleaker. But perhaps the gloom-and-doom crowd should look beyond the current crises in volatile oil-producing nations ...
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Source: HighBeam Research, Periscope.