IEA economist says expensive oil here to stay

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jcesare

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"The age of cheap oil is over, though policy action could bring lower international prices than would otherwise be the case,"
http://www.reuters.com/article/2011/03/02/iea-europe-oil-idUSLDE72117X20110302
 
Interesting since Bernanke expressed an opposite view in his testimony to congress yesterday. He indicated that the Fed felt that oil prices would fall to "reasonable levels" in the near future...


jcesare said:
"The age of cheap oil is over, though policy action could bring lower international prices than would otherwise be the case,"
http://www.reuters.com/article/2011/03/02/iea-europe-oil-idUSLDE72117X20110302
Click to expand...
 

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