CNBC’s Kilduff: $100 Oil in Next Six Months

Jeff Poor
Business & Media Institute
Wednesday , January 13th, 2010

It hasn’t been in the limelight recently, but it is coming. According to CNBC contributor John Kilduff of Round Earth Capital, we will soon see the price of reach $100 per barrel.

On CNBC’s Jan. 11 “The Kudlow Report,” host Larry Kudlow asked Kilduff what it would take for the Obama’s administration to change its energy policy to allow for more oil exploration and drilling.

“Oil is hitting a 15-month high at $83 a barrel and it was $30 about a year ago,” Kudlow said. “So, Interior Secretary Ken Salazar rules drilling of oil and gas out of bounds for federal lands. No drilling. So, how high does it go before we go back to drill, drill, drill?”

Article complet : $100 Oil in Next Six Months