Is oil headed for $200?

Twenty short weeks ago, the world was struggling to digest the idea of $100 US oil.

Today, with oil prices breaching new records almost daily, even ordinarily circumspect soothsayers are talking about the prospect of a super price spike that could cause a run to $200 — a concept that would have been virtually unthinkable 12 months ago.


And when some of the finest economic minds on the continent — people like Daniel Yergin, Matthew Simmons and Jeff Rubin — are willing to openly discuss the permutations and ramifications of life in the shadow of $200 oil, it’s hard not to think that a scenario that was once a pipe dream may actually be on the horizon.

Calgary Herald