Financing Woes In U.s. Could Spread Into Oilpatch

摘要

Those predicting an oil price drop in the near future are likely wrong, says one of the world's best known economic forecasters, claiming another spike in pricing for crude and other commodities should stretch into late next year, which could then be followed by a worldwide economic collapse.rnHarry Dent Jr. said he believes there will be another spike in oil and other commodity prices that will last into late2009 or 2010.rn"It's more likely we'll see higher oil prices, spiking to $215 (U.S. a bbl), with a peak in late 2009 or 2010," Dent told Nickle' s Energy Group.rn"Commodities will be the last bubble, but it will be the bubble that causes the train wreck," said the best selling author and president of the H.S. Dent Foundation, which publishes the H.S. Dent Forecast.