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Byline: John Sparks and Stefan Theil, Lily Huang, Christopher Dickey, Sophie Grove, Sharon Begley, Barrett Sheridan
New Worlds: How The $200 Oil Scenario Could Change Everything
Now that $100-per-barrel oil has gone from doomsday scenario to everyday fact of life, along came OPEC president Chakib Khelil last week, forecasting $200 crude by 2010. And no one is scoffing. With demand expected to rise an additional 1.5 percent this year, and oil producers either struggling or not really trying to ramp up production, Goldman Sachs had already predicted prices could reach $200 before Khelil did. And Deutsche Bank energy analyst Adam Sieminski last week said ...
Source: HighBeam Research, Periscope.(Periscope)(oil prices, Olympic torch relay in Mount...