Friday, January 27, 2006

George Soros: Get Ready For $262/bbl Oil

Well, maybe not a certainty, but Soros lays out six scenarios in which the price of oil could easily break through the $100/barrel mark, and even get as high as a (very arbitrarily made) $262/bbl mark. He sees new supplies coming online in 2007, but, well, China and India.