Comment 21911

By David (anonymous) | Posted April 25, 2008 at 16:28:23

Actually, only 4 years for oil to double. The report today said $150/bl by 2010, and $225/bl by 2012. But given the speed with which we went from $100 to $120, I'd say even that schedule is optimistic. It has a lot to do with how fast the value of the US Dollar continues to fall, in combination with demand outstripping supply. But their is a major third influence, which we are likely to see if Bush begins bombing Iran.

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