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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (2661)	3/28/2001 8:53:09 PM
From: patron_anejo_por_favor	Respond to of 74559

There was a MAJOR disconnect in that article: World supplies should keep pace with demand, the agency said, and it predicted that the average cost of crude oil would actually fall from about $28 a barrel now to about $22 in 2020.>> The analysts who've been the most accurate thus far on worldwide oil supply/demand (Colin Campbell and Matt Simmons) both (independently) feel we will reach the Huppert peak by 2010. This is the point where worldwide oil production actually starts to decline. If that is the case and demand continues to rise, we will be lucky to have $60/bbl oil (inflation adjusted) by 2020. Regards Patron