$20 a barrel?

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$20 a barrel? Oil prices to continue slide for 6 months, analyst projects

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A prominent, Calgary-based economist projects oil prices will continue to slide for at least the next six months and may drop as low as $20 a barrel.


12/11/2008 12:38:36 PM



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& Q  x9 x8 o' z* e% e. eCBC News

# J* q4 b! k) p: ?2 B. B* `% HPhilip Verleger, a professor at the University of Calgary's Haskayne School of Business, said oil consumption is falling notably owing to the wobbly economy and a downturn in the auto industry.
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8 d9 p/ g! Y( v$ {0 g  H"I think probably in the first quarter the average price will be below $50, it is possible if this recession is as bad as it is beginning to look it could be a lot lower than that," he said. "We could see something briefly in the twenties."

+ R2 A3 e2 E0 G& l0 o6 A; z. r7 O"On a year-over-year basis, GDP being down three or four per cent in the fourth quarter will lead to much lower oil consumption both in the United States and the rest of the world."

: ~% L9 k" V6 COn Wednesday, light sweet crude for December delivery fell to $58.34 US a barrel on the New York Mercantile Exchange. Since July, oil prices have dropped by about 60 per cent from a high of $147.27 in July.
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Verleger said a U.S. decision to hold back oil reserves raised the oil prices significantly.

9 k  @5 ]( t" [. l"I calculate that consumers across the world paid a tax or transfer to oil producers of $1 trillion," he said. "I calculate the tax on the assumption that the price should have stayed around $70."

0 ^3 u" Z: M/ e6 g8 z! T/ l! yHe said he expects oil prices over the next six months to largely hover around $50 a barrel.

http://news.sympatico.msn.cbc.ca/Local/AB/ContentPosting?newsitemid=ab-oil-verleger&feedname=CBC_LOCALNEWS&show=False&number=0&showbyline=True&subtitle=&detect=+%3A+Provider+%3A+Region+british+columbia+%3A+Speed&abc=abc&date=True

苹果鸭梨

如OIL PRICE低于50，Alberta的经济就离崩溃不远了。

享受生活

已经接近50了

smallhill

再跌6块就低过了，按现在的速度，两天就行了。
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原帖由 享受生活 于 2008-11-12 14:55 发表
已经接近50了