Thursday, May 24, 2007

CNBC on the case.

Some stuff worth checking out on today:

CNBC: Profiting on Energy.

CNBC: Oil Prices Stay Above $65 on Iran, Gasoline Concerns.


Oil prices have more than trebled since the start of 2002 and hit a record $78.40 in July 2006. But the world economy has continued on a growth path. The president of one of the world's top oil trading houses said he believed prices were nearing the point of demand destruction, however.

"My view is that we are pretty close to demand destruction -- we are within 10-20% where we see reduced demand rates of growth," said Ian Taylor, president of Swiss-based Vitol Group, at a conference in Singapore.