Monday, June 27, 2005

 

Could Oil Go Higher?

Unrest 'could double' oil price?
http://news.telegraph.co.uk/news/main.jhtml?xml=/news/2005/06/27/noil27.xml


The scenario here seems a bit unlikely for now, but with oil at $60 or more for the forseeable future, one has to wonder if the major airlines and the big two (GM, Ford) will be able to avoid bankruptcy....

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