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Former CIBC World Markets Inc. chief economist, Jeff Rubin — who accurately predicted crude price increases over the last decade — expects oil to reach $90 a barrel by the end of Q1 and $100 by the end of the year, Bloomberg reports<\/a>.<\/p>\n Yesterday, the price of crude hit a 15-month high<\/a> at $83.52 a barrel.<\/p>\n Rubin forecast in his book, “Why Your World is About to Get a Whole Lot Smaller” that oil will hit $200 a barrel by 2012<\/p>\n The strain of $200 oil on consuming nations may prompt a subsequent collapse toward $40, he added. <\/em><\/p>\n “When we get into 2011 or 2012 and we start to deal with prices of $120 a barrel, $147 a barrel, $160 a barrel, that’s where I think at least the global economy becomes very challenged,” he said.<\/em><\/p>\n Join the conversation about this story »<\/a><\/p>\n See Also:<\/b><\/p>\n Former CIBC World Markets Inc. chief economist, Jeff Rubin — who accurately predicted crude price increases over the last decade — expects oil to reach $90 a barrel by the end of Q1 and $100 by the end of the year, Bloomberg reports. Yesterday, the price of crude hit a 15-month high at $83.52 a […]<\/p>\n","protected":false},"author":813,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-150178","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/150178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/813"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=150178"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/150178\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=150178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=150178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=150178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
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