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 $100 Oil 'Very, Very Bad' for Economy
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Ardent Listener
Administrator


USA
4841 Posts

Posted - 02/22/2011 :  19:08:48  Show Profile Send Ardent Listener a Private Message
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"That is our concern, regardless of the margins of disruption, if the $100 per barrel of oil is continued in 2011, the burden of oil to the global economy is as bad as 2008," Nobuo Tanaka, the Executive Director of the International Energy Agency told CNBC on the sidelines of a major oil conference in Riyadh

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cptindy
Penny Hoarding Member



572 Posts

Posted - 02/22/2011 :  20:51:55  Show Profile Send cptindy a Private Message
Big problem here! This could seriously crush us all and i can't see it not happening.

"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"

" The average man doesn't want to be free. He wants to be safe."

H.L. Mencken

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