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Strategies & Market Trends : Ask Vendit Off-Topic Questions
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To: Walkingshadow who wrote (2569)12/9/2004 6:50:44 PM
From: Vendit™  Read Replies (2) of 8752
 
And then there is the official U.S. government theory which closely matches your logic.
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Report Expects High Oil Prices for Decades
Thursday December 9, 5:32 pm ET
By H. Josef Hebert, Associated Press Writer
U.S. Government Report Says $30-A-Barrel Oil Should Be Expected for Decades to Come

WASHINGTON (AP) -- While the recent flurry of record oil prices may be temporary, government analysts said Thursday that $30-a-barrel oil should be expected for decades to come.

Crude is likely to cost about $35 a barrel in 2025, an increase that is nearly a third higher than predicted a few years ago, according to a long-term energy outlook report issued by the federal Energy Information Administration.

biz.yahoo.com
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