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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.28+3.8%Nov 28 4:00 PM EST
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To: Bobby Yellin who wrote (6209)1/18/1998 6:09:00 PM
From: Abner Hosmer  Read Replies (2) of 116790
 
GRI has undertaken a study to examine the factors that will affect oil prices over the next few decades. The report on this work, "International Petroleum Price, Supply and Demand Projections Through 2020" (GRI-95/0440), argues that past oil price projections were biased upward based on an incorrect assumption of declining non-OPEC production. Correcting for this supply pessimism provides a projection in which oil supplies remain in surplus over the long-term and real oil prices do not increase.

gri.org
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