CIBC chief economist Jeff Rubin predicted that oil will regularly sell for above $100 a barrel as early as next year, as increasing demand from developing nations continues to outstrip declining supplies. “The bottom line is we’re in the bottom of the ninth inning of the hydrocarbon age,” he said. (MarketWatch)
FOLLOW THE WEEK ON FACEBOOK
The Bottom Line
October 3, 2007
Try 4 Risk-Free Issues of The Week magazine.
of The Week magazine.