Tuesday, March 22, 2011

Oil tops $105/bbl - watch for economic fallout ahead

With the instability in the middle East, together with the struggle to maintain production at current levels, watch for serious economic instability in the next 6 to 12 months. Now we will see how much of the 2008 Great Recession was caused by sub-prime mortgages and how much was actually caused by $140 bbl oil prices.

Fasten your seatbelts.

Oil tops $105 on supply questions - Business - CBC News

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