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Rise of oil might 'destroy economy'
Posted on Jun 26 2008 5:43 AM by
adeal
Filed Under:
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The global economy would collapse if oil hit $200 a barrel, said the top energy analyst at Germany's largest bank. �Two-hundred dollar oil would break the back of the global economy,� Deutsche Bank's Chief Energy Economist Adam Sieminski said in an interview yesterday in Tokyo. �Next step after $200 would be global recession and bad news for everybody.�
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