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)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
5 wild card cartoons about Trump's cabinet picksCartoons Artists take on square pegs, very fine people, and more
-
How will Elon Musk's alliance with Donald Trump pan out?The Explainer The billionaire's alliance with Donald Trump is causing concern across liberal America
-
Netanyahu's gambit: axing his own defence minsterTalking Point Sacking of Yoav Gallant demonstrated 'utter contempt' for Israeli public
