It was bound to happen at some point. Today, four weeks into the new year, Brent crude did what it hasn’t done since 2008: topped $100 a barrel.
This is from Reuters:
Brent crude oil futures surged above $100 a barrel for the first time in 28 months on Monday on concerns that anti-government protests in Egypt could create instability across the Middle East, possibly disrupting oil shipments through the Suez Canal.
The question now is how long it stays up here and what damage it could do to the global economic recovery.
Many thanks for all your questions for James Cameron, vice chairman of Climate Change Capital. His answers will appear on this site on Friday, February 4th.
Next week, the person in the hotseat will be Josh Fox, the Oscar-nominated director of the film the entire natural gas world is talking about: Gasland.
This is your chance to ask Josh all about his experience of making a movie about shale gas; from what resistance he had to overcome from gas companies when making the film, to the truth behind the famous tap-on-fire sequences, to what governments are likely to do to regulate fracking in future.
Email all your questions to email@example.com by the end of Sunday, February 6th.