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Tuesday, December 2
Crude Oil Prices May Fall for 12-18 Months, BP Says
by
Energy Issues
on Tue 02 Dec 2008 10:05 AM CST
OUOTE OF THE WEEK (and perhaps the decade): “There is no fair price. There is a price, which balances demand and supply.” – Christof Ruehl, Chief Economist of BP plc, commenting on King Abdullah’s comment that $75/barrel is a “fair” price for crude oil. http://www.bloomberg.com/apps/news?pid=20602099&sid=alUGl1T0Rkbc&refer=energy |
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