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$100 Oil Very, Very Bad for Economy: IEA Boss

Tuesday, 22 Feb 2011 | 4:40 AM ET

â??If prices remain at 100 dollars â?¦ continuing that level of price is very, very bad to the global economy. Especially to the emerging economies like India, China, Africa,â? Nobuo Tanaka, executive director of the International Energy Agency told CNBC.