There doesn’t seem to be any true end in site. Barton Biggs advice seem to be more and more realistic as we go on.
It’s time to saddle up and Get Out of Dodge!
Via: FT.com
Oil prices extended their record breaking run on Friday after pushing above the $140 a barrel level for the first time in the previous session, driven higher by a cocktail of supply concerns, dollar weakness, inflation fears and turmoil in equity markets.Nymex August West Texas Intermediate hit a hit a record $142.26 a barrel before easing back to trade $2 higher at $141.64. ICE August Brent surged to a fresh record high of $142.13 a barrel, before edging back to stand $1.27 higher at $141.10 a barrel.
Oil prices rose by more than $5 a barrel on Thursday after Libya threatened to cut its oil production and Opec’s president warned that prices could surge as high as $170 a barrel this summer.




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