Wednesday's record oil price of $100 per barrel of crude marks a long-term upward trend which could see oil prices reach $150 in five years and $200 in 10 years, says one of Germany's leading economic institutes. $1.50 a litre for unleaded could end up being a bargain....
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Some US economists where predicting $140 a barrel this year without any new geo-political conflicts and watch out if there is...electric car anyone?