Friday, February 29, 2008

Can I Get A Waxing While I Have A Uti

Double record oil: WTI U.S. 101 U.S. $ 99.68

Scaroni (Eni): "The price of oil is skyrocketing
for lack of investment in the years when prices were very low
of the barrel"


New leap in oil. On the Nymex, a barrel of U.S. crude for delivery in April is treated Tuesday, February 26 at $ 101, a new absolute maximum time. The Brent oil in London has instead given the historical record to $ 99.68. The price of oil is skyrocketing due to a lack of investment in the years when international oil prices were very low. He supported the CEO of Eni Paolo Scaroni at the presentation of an agreement with the MIT Energy Sun. Scaroni said that historically the forecasts of the oil companies are always wrong, but what about the price of crude back above $ 100 a barrel, in his opinion "it is what it is because it was low for a long time. In the 90s it was closer to 10 than to $ 20. There was a lack of investment. " A second reason, continued the manager, is linked to the growing demand not only in emerging countries like China and India, but also in the United States accounting for 26% of demand and for which the current level of prices provides an adequate amount.


From: ilsole24ore
I'm A Gangsta

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