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Mon 8 Jun, 2009 07:06 am
At the recent International Economic Forum, BP chief executive Tony Hayward voiced an opinion saying that oil prices could hit $150-200 per barrel within a year or two!
You know, all oil price forecasts work well and I don’t see why this one may not come true. Actually, there are experts who say that rapid soaring of oil prices is inevitable for some reason. First of all it is the crisis itself as it forced oil producers to cut investments. In connection with this, there is a cut back on production of oil. Then there comes oil shortage and oil price increase!
For this moment, there is still enough oil, so it makes sense to stockpile it. At least, one may sell it at a profit when oil becomes terribly expensive again.
@Setanta,
i like his scottish devolution thread much better
It has long been my fervent hope that he is suckering someone in Russia out of good money for this job. Just imagine it . . . paid to sit in internet cafes and post tripe in English language fora which no one falls for. Great work, if you can get it . . .
@Setanta,
i keep wondering how one applies, at least i can speak the language, and when it comes to politics i much prefer disinformation to fact
Make sure they pay you in U.S. dollars . . . Russia is awash in hundred dollar bills . . .
@Setanta,
worldwide , weve got three new monster oil fields ready to go into production, the new finds in natural gas have extended our nat gas futures out to the 22 century,. The thing we really need is gas cleaning and odorizing and oil refining facilities
Surely you don't expect the energy industry to build refineries ? ! ? ! ? How can they keep charging highway robbery rates at the gas pump if fuel is cheap and readily available?
@Setanta,
Theres a good future in mini "refineries" to produce diesel . The really shitty crude can become a nice diesel and "boutique refineries" have been proposed by several dozen syndicates.
The trouble with clean diesel is that wed need alcohol (OY here we go again)
W. only had to say the first word about drilling offshore and it knocked ten or twenty dollars off the price of a barrel of oil the next day. Now with the dems back in the drivers seat, oil really could hit 500 a barrel or whatever by next year. Hopefully that would finish the dem party off for all time.
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