02.11.2011 - Oil at $100 ‘not sustainable,’ former IEA chief Tanaka says

Oil prices at $100 a barrel in New York would not be sustainable given the state of the global economy, according to the former executive director of the International Energy Agency. Oil stockpiles may not need to be tapped as slow growth limits global demand from most economies, Nobuo Tanaka, who left his post at the Paris-based energy agency’s helm in August, said today at a conference in Singapore...............................................Full Article: Source

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