April 26, 2008

ONLY TAXES CAN RAISE PRICES AS HIGH AS NEEDED:

Oil bubble will burst soon, says Lehman report news (Domain-B, 25 April 2008)

The oil boom is on its last leg and may last a few months before a clutch of new refineries start operations amid slackening economic growth across the world, consultancy firm and investment bank Lehman Brothers has predicted in a report.

The report said supply is in fact outpacing demand growth even as inventories have been building up for quite some time now.

Posted by Orrin Judd at April 26, 2008 12:46 PM
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