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 Stories About: investing AND economy AND energy AND business AND Big Oil AND oil
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Crude oil at $130 this year? And $150 next year?
Rising cost of oil pushes value of the dollar down |
Joseph Romm |
09 Mar 2008 |
Gristmill |
| Bloomberg reports: Crude oil may reach a record $130 a barrel this year because pension funds are investing more in commodities, said Pierre Andurand, the chief investment officer of BlueGold Capital Management LLP, a hedge fund ... 'Next year, oil may rise even further to $150 a barrel.' Okay, this is a hedge fund guy who is betting the ranch on oil and probably doing his part to drive up prices. But at the end of the day, this is an issue of fundamentals -- ... |
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| Topics: Big Oil, business, economy, energy, investing, oil (all these topics) |
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