Projo Cars Blog

Why Oil under $100 Is Bad News

1:19 PM Fri, Aug 08, 2008 |
Peter C. T. Elsworth    Email

Supply is rising. Speculators are leaving. U.S. consumers are driving less. Blogger and strategist Paul Kedrosky sees oil falling more and settling as low as $90 a barrel. But guess what? He also thinks falling oil prices are bad news.

See an interesting video interview with Kedrosky on Yahoo! Finance.

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