Perhapst the stupidest story published this year..

[Stuart G]

at Raw Story...not stupid for Raw Story ....but by this ......... Canadian Study
The price of oil is likely to hit 150 dollars (Canadian, US) a barrel by 2010 and soar to 225 dollars a barrel by 2012 as supply becomes increasingly tight, a Canadian bank said Thursday.

The CIBC report says the International Energy Agency's current oil production estimates overstate supply by about nine percent, since it wrongly counts natural gas liquids -- which are not viable for transportation fuel -- in its numbers.

Analyst Jeff Rubin in his report noted accelerating depletion rates in many of the world's largest and most mature oil fields. He estimates oil production will hardly grow at all, with average daily production between now and 2012 rising by barely a million barrels per day.

Here is the original source...A Canadian economic think tank I suppose..you can access the entire article there...(if you wish).
http://research.cibcwm.com/res/Eco/EcoResearch.html



Oil to double by the year 2012..secondary source.....
http://rawstory.com/news/2008/Canadian_study_Oil_prices_to_double_0424.html



Shit..oil could double in 3 months, (not 3 years).. if things get bad enough in the Mid East... no one knows what it will do..

[liberal N proud]

1. Meanwhile...

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3202843

[glowing]

2. I was just thinking about that article..

[bemildred]

3. Indeed, sell oil while you still can ...

:rofl::rofl: