Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Even if oil prices hit $500 a barrel, that price is acceptable, says Willem Buiter, a professor of European political economy at the London School of Economics and Political Science.
Buiter in a recent article cited oil experts who have long believed that oil prices will reach $200 and even up to $500 a barrel during the next three to five years.
MoneyNews - London Professor: $500 Oil? Not a Problem… (http://moneynews.newsmax.com/streettalk/lse_prof_on_high_oil/2008/07/17/113655.html - broken link)