"If I have not seen as far as others, it is because giants were standing on my shoulders." -- Hal Abelson
Tuesday, August 14, 2007
Venezuela's Chavez says oil headed for $100 barrel
World oil prices are headed for $100 per barrel, Venezuelan President Hugo Chavez predicted on Saturday, and said he will cut supplies to the United States if the U.S. government "attacks" the South American nation again.
"I've always said that oil prices are headed straight to $100 per barrel," he said during a televised speech. "We should prepare ourselves for those prices of one hundred dollars."