Can Americans Handle $150 Oil?

[24/7 Wall St.]

24/7 Wall St. Daily News

The International Energy Agency said Europe could “cope” with a supply shortage brought on by a drop in imports of crude from Iran, but that prices might temporarily reach near the $147 a barrel peak of 2008. The chief of large energy firm Vitol*told the Financial Times that crude could reach and stay at $150. [...]

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