2006 to be a rocky year for oil prices?

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.


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