$50 Oil?

In the UK Independent newspaper, Kevin Norrish from Barclays Capital said that prices as high as $50 per barrel were a "distinct possibility".

The Alaska's Voice of the Times editorial quotes T. Boone Pickens, the West Texas oilman and financial spectator's prediction last week that oil prices would never fall below $30 again.

?I think you?ll see $50 a barrel before you see $30,? Pickens said.

What's next, a $10 movie ticket? Oh wait, never mind.

Read more - "Price of barrel of oil could rise to $50" [UK Independent]

Read more - "$50 oil?" [Voice of the Times]

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