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Politics : Canadian Political Free-for-All
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To: John Carragher who wrote (2589)5/10/2003 11:40:36 PM
From: seismic_guru  Read Replies (1) of 37177
 
A $20 oil price is probally one that would keep both producers and consumers happy. Even right now, production capacity outstips demand, and once Iraq and Russia bring on their projects, there will be a glut of oil on the market. With continued demand erosion due to the recession, I think that $15 oil might not be that far fetched.
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