Submitted by Arraya on November 29, 2007 - 10:45pm.
OIl is never going back to $60 unless there is a full scale world-wide economic meltdown. World production peaked in 2006. 2007 monthly average was slightly less @ 700K bbl per day less than 2006. Be looking for $120-150 bbl and $5 gallon next spring-summer...
Chris Johnston
Not at all by my studies
OIl is never going back to $60 unless there is a full scale world-wide economic meltdown. World production peaked in 2006. 2007 monthly average was slightly less @ 700K bbl per day less than 2006. Be looking for $120-150 bbl and $5 gallon next spring-summer...