if you want to know where Obama got his now famous saying, "YES WE CAN" he learned it from the oil companies!!!!
IEA Sees Oil Price Return to $100 as Economy Recovers, FT Says
By [bnRSN=1] Andrew MacAskill []
Nov. 5 (Bloomberg) -- Crude oil prices will return to more than $100 a barrel once the world economy rebounds from its slowdown and may reach $200 by 2030, the Financial Times reported, citing a report by the International Energy Agency to be published next week.
The cost of oil in real terms adjusted by inflation will average more than $100 a barrel between 2008 and 2015, the IEA will say, according to the newspaper. The IEA predicts there won't be enough new oil pumped to counterbalance the slowdown in production in older fields, the FT said.
To contact the reporter on this story: Andrew MacAskill in London at amacaskill@bloomberg.net
IEA Sees Oil Price Return to $100 as Economy Recovers, FT Says
By [bnRSN=1] Andrew MacAskill []
Nov. 5 (Bloomberg) -- Crude oil prices will return to more than $100 a barrel once the world economy rebounds from its slowdown and may reach $200 by 2030, the Financial Times reported, citing a report by the International Energy Agency to be published next week.
The cost of oil in real terms adjusted by inflation will average more than $100 a barrel between 2008 and 2015, the IEA will say, according to the newspaper. The IEA predicts there won't be enough new oil pumped to counterbalance the slowdown in production in older fields, the FT said.
To contact the reporter on this story: Andrew MacAskill in London at amacaskill@bloomberg.net