International agency predicts $100-a-barrel oil

| Wednesday, November 08, 2006

The Paris-based International Energy Agency thinks fuel prices are going to go a lot higher over the next 25 years.

Predicting a 53-percent increase in demand, the agency forecasts that oil prices could exceed $100 a barrel - compared to the $60 range prices are at now.

It also predicts that, within the next four years, China will overtake the U.S. as the world's biggest polluter.

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