Sunday, February 26, 2006

Oil prices will remain high, former labor secretary says

Crude oil could well reach $70 a barrel in the near future, but probably will not dive below $10 a barrel again for generations to come.

That is the prediction, at least, Robert Reich gave in Anchorage in January while speaking to members of the Anchorage Economic Development Corp. Reich is a noted economist, commentator and author. A professor of public policy at the University of California at Berkeley, Reich has served in three national-level administrations, most recently as President Bill Clinton's secretary of labor.

( Full story here )

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