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Oil hits $100

Insights · January 2nd, 2008

In case you missed the news today, oil hit $100 a barrel on the NYMEX oil futures market today, for the first time. This was the price, briefly, for oil to be delivered in January 2008. Before the day ended the price dropped back to $99.62.

As I note in my Outlook for 2008, it is unlikely that oil prices will exhibit the old historical trend of falling way back from the current price records. Rather, the new floor price may stay in the $90 range.

Glen Hiemstra is a futurist speaker, consultant, blogger, internet TV show host and founder of Futurist.com. To arrange for a speech contact Futurist.com.

Category
Environment & Energy
Nikolas Badminton – Chief Futurist

Nikolas Badminton

Nikolas is the Chief Futurist of the Futurist Think Tank. He is world-renowned futurist speaker, a Fellow of The RSA, and has worked with over 300 of the world’s most impactful companies to establish strategic foresight capabilities, identify trends shaping our world, help anticipate unforeseen risks, and design equitable futures for all. In his new book – ‘Facing Our Futures’ – he challenges short-term thinking and provides executives and organizations with the foundations for futures design and the tools to ignite curiosity, create a framework for futures exploration, and shift their mindset from what is to WHAT IF…

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