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Old 12-02-07, 12:29 PM   #2
STEED
Lucky Jack
 
Join Date: Jan 2006
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Meanwhile, the price of oil is reaching record highs. A few years ago, anyone who would have predicted a euro exchange rate of $1.50 and an oil price of close to $100 a barrel would have been ridiculed as a notorious pessimist and prophet of doom. Either of these two numbers alone would have seemed sufficient to force the global economy to its knees.
But now these two pieces of horrific news are appearing in tandem, and yet the world economy continues to grow.
Interesting comment as I am reading some books on the looming oil crisis that seems to be now kicking in slowly. It's a matter of watch this space and see what unfolds.

Thanks Skybird for that article.
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