Speaking at the World Economic Forum in Davos, Switzerland (I'm sure that Autoblog's invites were just lost in the mail again this year), Bill Browder of Heritage Capital drew a half-dozen different hypothetical situations that could send oil as much as 300% higher.

While the doomsday scenario - the fall of the Saudi government - is only the one that results in the jaw-dropping $262/barrel oil prices, there's a variety of other maybe-not-probable-but-certainly-possible events such as civil war in Nigeria, major infrastructure attacks in Iraq, and Venezuelan or Iranian embargoes that could push oil prices near or past the $100/barrel mark. George Soros didn't provide the same type of specific eye-opening numbers, but did state that he is "worried about the supply-demand balance, which is very tight ". Soros claimed that '07 should bring an easing of pressure on oil prices due to additional supply coming on-line.



From Our Partners

You May Like
Links by Zergnet
Share This Photo X