Thursday, July 13, 2006

"A fundamental imbalance between supply and demand growth."

CIBC World Markets Chief Economist Jeff Rubin and Banc of America Securities Oil and Gas Analyst Bob Morris debate the possibilities of $80+ oil.

CNBC Video: CIBC's Rubin & BoA's Morris.

Jeff Rubin has been a quite bullish on oil for the last few years, for reference see 'CIBC', and 'CIBC: Conventional oil seems to have peaked in 2004.'