Bloomberg.com: News: "World Economy Would Collapse If Oil Hit $200, Deutsche Says
By Shigeru Sato and Yuji Okada
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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.''"
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