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To: ItsAllCyclical who wrote (71785)8/27/2000 10:44:16 PM
From: ItsAllCyclical  Read Replies (1) | Respond to 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? ---