Crude prices may have peaked but developing countries hold the key
The Independent, 29 May 2008
Could that have been the peak in the oil price? It is such a hostage to fortune to try to call the top of any market that any such suggestion has to be hedged with qualifications and, in this instance, there may well be more peaks in the coming weeks and months. It is probably also true that, unlike in previous oil booms, this one will not be followed by an oil slump.