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Page added on June 7, 2008
Canada: Motorists feeling the pinch after oil prices surge
…Many traders predict that oil will hit $150 US a barrel in the next month.
Matt Simmons, chairman of an energy financing company in Houston, believes oil prices are still too low. He told CBC News there are “very strong signs” that the global supply of crude oil has levelled out and is probably now in a gentle decline.
Many traders predict that oil will hit $150 US a barrel in the next month.
Matt Simmons, chairman of an energy financing company in Houston, believes oil prices are still too low. He told CBC News there are “very strong signs” that the global supply of crude oil has levelled out and is probably now in a gentle decline.
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