Day: February 21, 2011
World Could Dodge Oil Shock - IEA Chief
The global economy would suffer from sustained oil prices of $100 a barrel, but the current output of the Organization of the Petroleum Exporting Countries members is reducing the risk of a real oil shock like the one in 2008 when the price of oil spiked to nearly $150, the head of the International Energy Agency told a group of AAPA members on Feb. 18. If today's oil prices endure, then "the…
