03-Jan-2008

Oil Prices Spikes

Crude touches $100 a barrel. Of course, Goldman Sachs had predicted this two years ago. Are they clairvoyant?
Update: Here's someone who was not clairvoyant:
Rupert Murdoch, on the eve of the invasion of Iraq: The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil. That's bigger than any tax cut in any country

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