Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: ItsAllCyclical who wrote (71785)	8/27/2000 10:44:16 PM
From: ItsAllCyclical	Read Replies (1) of 95453

Experts Up Their Oil Price Forecasts By Stephanie Mercurio Markets Writer Not so long ago, analysts thought an oil price above $18 a barrel was unsustainable. But these days, with Brent crude back above $30, many experts doubt we will see $20 oil anytime soon. cnbc.com Some highlights: Unlike during the oil embargoes of the 1970s, there is enough oil to go around. --and then this one--- With OPEC pumping fairly close to maximum output, many analysts doubt the cartel can successfully drive down the cost of a barrel of oil. --so which is it??? Seems like two very opposed schools of thought out there. Which will win? ---

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