What If Oil Hit $200 a Barrel and What Cowen Needs to Do Now ; the Mary Ellen Synon Column
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Summary
SO, IS it an asset price bubble or are we really looking at the possibility of oil worth $200 a barrel? Is the market paying over $130 a barrel today for the stuff because the world's demand is greater than the world's supply? The Taoiseach wants us to think it is not so much the world's demand, but just the demand from one country, China.
On Tuesday in the Dail he said the increase in the price of diesel is to due to 'huge demand in China'.See the full content of this document
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What If Oil Hit $200 a Barrel and What Cowen Needs to Do Now ; the Mary Ellen Synon Column
But that is too simple. China has been sucking up ever greater amounts of oil for far longer than just the past year. The increase in demand is coming from far more countries than just China.
What the Taoiseach seems unaware of is the possibility that oil has shot up in price for quite another reason: it may be because the world's financial analy...See the full content of this document
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