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Periscope.(Periscope)(oil prices, Olympic torch relay in Mount Everest, US vs Iran)

Newsweek International

| May 12, 2008 | Sparks, John; Theil, Stefan; Huang, Lily; Dickey, Christopher | COPYRIGHT 2008 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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