Learning From the Oil Shock
By Robert J. Samuelson | Wednesday, June 18, 2008 | The Washington Post
“…We all know that gasoline is at $4 a gallon and that oil is at $135 a barrel. But if you think that’s the end of the story, don’t talk to economist Jeffrey Rubin of CIBC World Markets. By Rubin’s reckoning, we’ve barely passed the halfway point on a steady march upward that will take gasoline to $7 a gallon and oil to $225 by 2012. Despite fluctuations, the underlying rise, he says, will have pervasive and surprising side effects….”…BS
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/17/AR2008061702010_pf.html
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