$100 a barrel oil – News Stories About $100 a barrel oil - Page 2

Jan 3, 2008 3:13 PM CST

$200 Oil on Horizon: Economists

Decreasing supply will mean increasing prices

(Newser) - The price of oil could surge to $150 in five years and $200 in 10 years, a prominent German economic institute reports. "Oil supplies are becoming increasingly scarce and that will continue to drive up prices," said one energy expert. Oil prices hit $100 yesterday for the first...

Sky-High Oil Will Reshape World Power, Dent US Clout

Jan 3, 2008 6:39 AM CST

Sky-High Oil Will Reshape World Power, Dent US Clout

Power shifts as global economies change

(Newser) - The surging price of oil from $10 a barrel a decade ago to a record $100 today is remaking the global economy and altering the balance of power across the world, according to the Wall Street Journal. If oil prices continue to climb, as many experts predict, US political power...

Oil Hits Record $100 a Barrel

Jan 2, 2008 11:11 AM CST

Oil Hits Record $100 a Barrel

Disruptions in Nigeria, Mexico stoke supply concerns

(Newser) - Crude oil prices jumped $4.02 today to push past $100 a barrel for the first time as Nigerian violence, disrupted Mexican exports, and the specter of dipping US stockpiles stoked supply fears in the face of ever-rising energy demands, CNNMoney reports. The previous record was $99.29, set November...

$100 a Barrel Oil Triggers Crisis

Nov 9, 2007 11:11 AM CST

$100 a Barrel Oil Triggers Crisis

New energy shock caused by runaway demand

(Newser) - The planet is headed for the third major energy crisis in a generation, but this one may be more serious and last longer than the others, the New York Times reports. Energy crises in the '70s and '80s were triggered by interruptions in supply from the Middle East....

Oil May Break $100 Barrier This Week

Nov 5, 2007 3:37 AM CST

Oil May Break $100 Barrier This Week

Some see 'violent correction' once $101.70 is shattered

(Newser) - With oil prices poised to break $100 a barrel this week, potentially punching through the inflation-adjusted record of $101.70 in 1980, speculation shifts to how long it will stay there. The steep rise—27% in 3 months—could set the stage for a dramatic fall. "We probably are...