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Commodities Briefing - Categorized | Commodity Crisis, Energy, Investment, Oil more

Needed: $26 trillion. Cash required to avert energy supply shock

Posted on 14 November 2008

From Canada.com: Falling oil prices will lead to future supply shocks, and in turn even higher prices, the International Energy Agency said in its global energy outlook. But the prospect of energy shortages in the not-too-distant future did nothing to ease the upheaval on world oil markets.

Oi lprices continued to fall in New York, closing at $56.16 US a barrel, down$3.17 on the day. Crude prices are now down almost two-thirds from their summer peak of about $147…… Full Article: Source


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