Archive for the ‘Predictions’ Category

I predict that the price of a barrel of oil will dip as low and $29 by Q2 of 2009 (currently sitting between $38 and $45).  Not only are supplies fairly high right now but everything we read tell us that demand is going lower and lower.  The recession causing us to use less oil but also the annoyance of paying $147 a barrel last summer is making us conscious of our consumption.

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