By Shigeru Sato and Yuji Okada
June 25 (Bloomberg) -- 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 AG's Chief Energy Economist Adam Sieminski said in an interview today in Tokyo. ``Next step after $200 would be global recession and bad news for everybody.'' Read more: World Economy Would Collapse
BibleNewsProphecy: WWIII and the 10 Safest Countries?
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Huts in Fiji (photo by Merbabu) COGwriter Have you wondered where the
safest place to be is in turbulent times? What do biblical and secular
sources say ...
2 days ago
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