Oil prices top $60 a barrel. Corante New York:

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This, the first of our regional blogs, is authored by the technology and financial journalist Dominic Basulto. Dominic is a New York native, has been a senior editor at Corante since day one and has written for a number of online and offline media companies. Send tips or story ideas to: basulto@gmail.com.

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Here we'll report daily on the latest tech and business developments in New York City. Impossible we concede: comprehensive coverage of the city's every story. What we hope you'll find: tips, tidbits and perspectives you won't find elsewhere. As well as unique insights, original interviews and more that should be of interest to New York's vibrant community of technologists and those who track, invest in and report on them.

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June 27, 2005

Oil prices top $60 a barrel

Posted by Dominic Basulto

Does oil at $60 a barrel scare you? How about $70? At what price does the U.S. become susceptible to an oil shock? Remember, Wall Street analysts have been talking about oil at $100 a barrel for months. To get up to speed on the topic - or perhaps to prepare for a Hamptons cocktail party at a hedge fund manager's palatial spread:

BBC News: What does $60 a barrel mean to you?

Paul Schiff of Euro Pacific Capital: The U.S. is as vulnerable as ever to an oil shock

Guardian UK: The black stuff has world order over a barrel

Reuters: U.S. economy healthy despite high oil

CNN/Money: Oil spike will lead to $3 gas

(Photo credit: Flickr)

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