Posted 10:10 AM 10/5/2012 : Prices at the Pump 10/5
The CEO of General Electric which manufactures oil, gas and electricity, says high oil prices are a pretty safe bet going forward in an interview with CNN.
"Oil is harder to find today so oil prices will be relatively high. Oil will always be fuel of choice for cars and things like that."
He added if you believe in the expansion of the global middle class, you'd better believe oil prices will continue to rise.
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