http://www.breitbart.com/article.php?id=CNG.cf8ccfd0c8636e4a3df42d9b2e0ab4d1.2c1&show_article=1
"It the turmoil in the Middle East becomes much worse and the price of oil reaches $140-150 a barrel then the risk of a double dip recession increases," Roubini said in a keynote speech here at MIPIM, the world's annual gathering of real estate professionals.
World oil prices fell back Thursday after spiking sharply higher a day earlier, with New York's main contract, light sweet crude for delivery in April, dropped 32 cents to $104.06 a barrel. Brent North Sea crude for April shed 51 cents to $115.43.
Several analysts have forecast oil could again reach the record $147 it set July 2008 before the onset of the global financial crisis if unrest spreads through the Middle East.
I can't wait to see just how the moron left will manage to blame Bush for this one....
"It the turmoil in the Middle East becomes much worse and the price of oil reaches $140-150 a barrel then the risk of a double dip recession increases," Roubini said in a keynote speech here at MIPIM, the world's annual gathering of real estate professionals.
World oil prices fell back Thursday after spiking sharply higher a day earlier, with New York's main contract, light sweet crude for delivery in April, dropped 32 cents to $104.06 a barrel. Brent North Sea crude for April shed 51 cents to $115.43.
Several analysts have forecast oil could again reach the record $147 it set July 2008 before the onset of the global financial crisis if unrest spreads through the Middle East.
I can't wait to see just how the moron left will manage to blame Bush for this one....
