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$250 Per Barrel Oil and Other Scary News
Sean Brodrick (June 10th, 2008) Writes:
Chart of the freakin' day ...
You can see the original HERE.Gazprom expects oil to hit $250 a Barrel "in the foreseeable future". And at the same time, Citigroup boosted its 2008 Brent outlook 22 percent to $116.60 a barrel, while Merrill Lynch raised its forecast by 14 percent to $114. The International Energy Agency lowered its estimate for non-OPEC output this year by 300,000 barrels a day to 50.04 million, in its monthly report today.
Saudi Arabia Calls for Summit on Energy Costs After a cabinet meeting led by King Abdullah, the Saudi government said, “the increase in prices isn’t justified in terms of market fundamentals,†according to a statement from the official Saudi Press Agency. No date was given for the energy summit.
XX Sean's note -- talk is cheap.Bernanke Tries to Talk Up the Dollar, Vows Pigs Will Fly XX ...
You can see the original HERE.Gazprom expects oil to hit $250 a Barrel "in the foreseeable future". And at the same time, Citigroup boosted its 2008 Brent outlook 22 percent to $116.60 a barrel, while Merrill Lynch raised its forecast by 14 percent to $114. The International Energy Agency lowered its estimate for non-OPEC output this year by 300,000 barrels a day to 50.04 million, in its monthly report today.
Saudi Arabia Calls for Summit on Energy Costs After a cabinet meeting led by King Abdullah, the Saudi government said, “the increase in prices isn’t justified in terms of market fundamentals,†according to a statement from the official Saudi Press Agency. No date was given for the energy summit.
XX Sean's note -- talk is cheap.Bernanke Tries to Talk Up the Dollar, Vows Pigs Will Fly XX ...
Tags for this Post:
Barrel Oil, bernanke, Corn Crop, corn harvest, Current Market News, Department Of Agriculture, Energy Markets, Energy Summit, Federal Reserve Chairman, Food Prices, Global Economic Growth, Gold Markets, Inflation Expectations, international energy agency, King Abdullah, Lying Eyes, Market Fundamentals, Merrill Lynch, Oil Imports, Opec Output, Saudi Government, Saudi Press Agency, Stocks to Watch, Trade Gap
Barrel Oil, bernanke, Corn Crop, corn harvest, Current Market News, Department Of Agriculture, Energy Markets, Energy Summit, Federal Reserve Chairman, Food Prices, Global Economic Growth, Gold Markets, Inflation Expectations, international energy agency, King Abdullah, Lying Eyes, Market Fundamentals, Merrill Lynch, Oil Imports, Opec Output, Saudi Government, Saudi Press Agency, Stocks to Watch, Trade Gap
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