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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: Brumar89 who wrote (4377)1/21/2009 9:34:24 AM
From: Road Walker  Read Replies (1) | Respond to of 86356
 
Do you think the price of crude will be $30 7 years from now? Does anyone?

No I think it will be much higher in 7 years, but I also think, if we get our act together on alternatives and efficiency, it will be much lower than $30 in 15 years. I wouldn't be making long term investments in oil production if it was my money... it trades at the margin and if demand decreases, well you can see what happened over the last couple of months.