$100 oil… not such a crazy idea
Back in January I had a poll asking when readers thought we’d crack $100 oil. Most voted by the end of this year. It was an admittedly small poll, but the predictions certainly seem realistic these days. Given the record $78-plus price of crude oil posted Friday, cracking $80 seems a sure thing. If conflict in the Middle East keeps up and Hurricane season picks up momentum in the last half of the summer, we could see $100 oil by late fall… interesting times.
Tyler Hamilton is senior energy reporter and columnist for the Toronto Star, Canada's largest daily newspaper. In addition to this Clean Break blog, Tyler writes a weekly column of the same name that discusses trends, happenings and innovators in the cleantech market. This blog is a personal project started in April 2005. It is not an official blog of the newspaper. Tyler can be reached at tyler@cleanbreak.ca