Monday, March 10, 2008

The age of triple-digit oil is here to stay

Money Week

"...In 2007 the oil price went up by more than 50%... it is almost up by 20% this year so far… but there is more to come. If you think that Opec will make any significant moves to ease the price, I think you are mistaken. If you reckon they can have a significant impact on the price, I would disagree. If you believe that demand will slump, I suspect that you are wrong.

The oil sector will continue to pump home the profits for years to come. Are you exposed to the right investments?..."

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