$60 a barrel of oil in 5 years time?
30 May 2008, 12:15 PM
#1
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$60 a barrel of oil in 5 years time?
Any truth in this or complete guff?
Investment Week - Oil will fall to $60 a barrel, says BDT manager - BDT Invest, BDT, Thornton, Commodities
Investment Week - Oil will fall to $60 a barrel, says BDT manager - BDT Invest, BDT, Thornton, Commodities
30 May 2008, 12:20 PM
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oil could fall to $60 a barrel
Technically I could win the Euro Lottery tonight. Chances are though, I won't.
Wonder if they predicted House prices would never fall.
30 May 2008, 12:31 PM
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Thus endeth the lesson.
On the original topic I don't see a $60 barrel until the UK and US are in total recession.
30 May 2008, 12:38 PM
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Agreed. Prices won't crash whilst there is still blood left to wring from the stone. That's not to say that total recession won't happen in the next 5 years as per the article, however...
30 May 2008, 12:56 PM
#7
The rise in petrol prices hasn't finished yet because it takes a couple of weeks to filter through. There isn't a real time correlation between crude and pump prices.
Thus endeth the lesson.
On the original topic I don't see a $60 barrel until the UK and US are in total recession.
Thus endeth the lesson.
On the original topic I don't see a $60 barrel until the UK and US are in total recession.
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30 May 2008, 03:04 PM
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slightly longer but excellent article on longer term issues...
Safe Haven | What the Export Land Model Means for Energy Prices
Safe Haven | What the Export Land Model Means for Energy Prices
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