Telegraph Suggests Doubling of Oil Prices

One of the services I provide here at The Real Effect is to provide news and analysis that gives you, the consumer applicable viewpoints in which to make informed decisions. To appreciate the level of information you can receive you need to follow subject matters over their presentation here.

For instance, I launched The Real Effect on June 15th with the headline -

Crude Prices Increasing Again, Does This Equate to a Gasoline Cost Increase?

In the article I presented the opinion -

"This combined with the information released from this year's Bilderberger meeting stating from multiple sources (Henry Kissinger being one) that crude would at least double perhaps triple over the next year."

Hot on the heels of this tip, comes a report from the London Telegraph that "Unrest could double oil prices" and the AP's report "Oil Rises to Record High on Supply Worries".

The Real Effect
I believe this will lead to the increase of gasoline prices by about 5% in the near future resulting in roughly $2.45 gas in the southeastern WI area.


Note: Edited for appearance and spelling only on 2/25/06, 3/1/2010, 12/8/2010.