Opec chief warns of $200 a barrel oil price
A cargo ship hired by the US Navy fired on Iranian forces on Friday.
The rise in oil prices comes despite a 400,000 barrel-a-day reduction in
physical demand from the United States, which is consuming less because of
its economic slowdown. This has been more than offset by rising financial
demand as funds seek alternative investments to the falling US dollar.
Bilderberg already planned for Oil to hit $200 a barrel by the end of 2008. The conference was back in June 2007.
clipped from: business.timesonline.co.uk