10.11.2011 - Oil prices are in 'danger zone', warns the IEA
Oil could hit $150 a barrel soon if investment in the Middle East and North Africa fails to rise with demand, the International Energy Agency (IEA) says. Prices have remained high throughout 2011, partly due to Libyan unrest. "We are in the danger zone for the global economy at current levels," said IEA economist Fatih Birol. The IEA also wants more investment in green technology, warning that the world is heading down an "insecure, inefficient and high-carbon" path...............................................Full Article: Source
Print