Nouriel Roubini, professor economics, New York University

“Last year, when oil was at $145, that killed the global economy. I worry that oil is going to go up above $100 for reasons that have nothing to do with the fundamentals of supply and demand. Oil at $100 would have the same negative effects on the global economy as oil did at $145 last year.”

Comments

By Bernard Romanycia on November 12th, 2009 at 10:42 pm

Dwindling supply and aggressive demand could equal a wild ride in the marketplace. The parameters are increasingly difficult to quantify and seem to be in a constant flux of change. As for what the actual price will be, you might have better luck grabbing on to a slippery pigskin during a rain storm.