$200 Oil Would Bring Down Global Economy
Posted by Jason on 06/25 | 07:27 AM
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According to Deutsche Bank's Chief Energy Economist Adam Sieminski $200 a barrel oil would collapse the global economy.
In a Bloomberg interview, Sieminski was quoted saying "Two-hundred dollar oil would break the back of the global economy, next step after $200 would be global recession and bad news for everybody." Goldman Sachs has earlier predicted oil between $150 and $200 in the next two years.
Deutsche Bank will release its oil-price forecast on Friday.
In a Bloomberg interview, Sieminski was quoted saying "Two-hundred dollar oil would break the back of the global economy, next step after $200 would be global recession and bad news for everybody." Goldman Sachs has earlier predicted oil between $150 and $200 in the next two years.
Deutsche Bank will release its oil-price forecast on Friday.
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