Published: 10:48AM Sunday January 06, 2008
Source: Newstalk ZB
Commodities expert Peter McGuire says we can expect to see Oil rise by up to half in the next few years.
His warning comes at the end of a week in which oil has traded at $100US a barrel for the first time in history.
Petrol companies have been quick to respond with higher prices at the pump.
McGuire says while prices could dip in the short term, the overall trend is being driven by rising demand and says there is no doubt oil remains the world's most important commodity.
Provocative, unflinching, Thursday 9:30pm
Back Benches - giving politics back to the people
The way New Zealand wakes up weekdays, 6:30am
No one gets you closer, weeknights 7pm
Looking out for the little guy, Wednesday 7:30pm
Meet the people that bring you the news
TV ONE weekdays, 6am
The home of NZ politics - Sunday, 9am TV ONE
Where there's a story, we'll find it, Sunday 7:30pm
Te Karere, Maori News - 4pm weekdays, TV ONE
News on digital channel TVNZ 7
Advertising
