Stuart Burns: Why Oil Prices Will Remain High

I don’t know about you, but in the absence of any dramatic news about Iran in the papers, and especially set against the general background of a weakening global economy, the relentless rise in gas prices each time I pull up at the pump has come as a bit of a shock.

And before anyone leaves a comment about being a bit tight-fisted, let me tell you, here in the UK it costs me about $200 to fill up my tank — no small outlay.

So if anyone else is wondering what’s going on, an Economist article makes depressing reading, because rather than report this as just another temporary Ayatollah-induced spike, the learned news mag reports that in spite of oil market indicators being bearish, oil prices are likely to stay above $100 per barrel for the rest of the year.

OilPrice

About these ads

One response to “Stuart Burns: Why Oil Prices Will Remain High

  1. “here in the UK it costs me about $200 to fill up my tank”

    $140 was taxes, jackass.

    “oil prices are likely to stay above $100 per barrel for the rest of the year.”

    The cost of government ain’t going down, either.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s