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alternative energy sources

The sooner oil hits $200 per barrel, the better!

by Tom Raftery on May 9, 2008 · 13 comments

in climate change, oil

photo credit: johnmarkos
Back in 2004 the government’s worst case scenarios had oil reaching $26 per barrel by 2025. This afternoon oil reached $125.98, the fifth day this week we had a record high price for oil. And we are not even halfway through 2008 yet.
Goldman Sachs recently pronounced that oil may soon reach $200 [...]

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