Oil $250 a barrel "in the foreseeable future"

An ominous warning that the rapid rise in oil prices has only just begun

By Guest Column Danny Fortson—— Bio and Archives--June 11, 2008

Global Warming-Energy-Environment | Comments | Back To Full Article

By Danny Fortson, Business Correspondent, The Independent The chief executive of the world's largest energy company has issued the most dire warning yet about the soaring the price of oil, predicting that it will hit $250 per barrel "in the foreseeable future".

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