Herrera: Oil price drop temporary
Alaska-based energy consultant sees oil price average in 2007 similar to 2006 with gradual annual increase in years to come; conservation, oil sands won't fill gap as oil output declines
In June 2006, Petroleum News asked its favorite oil price guru, energy consultant Roger Herrera, if crude oil would plummet to $40 a barrel in the foreseeable future as predicted by BP’s CEO Lord John Browne.
“That’s quite a reasonable proposition,” Herrera said two weeks after Browne’s comments wer....
[additional news subjects in this story]
Thirty years since last big discovery
Nonconventional oil won’t cut it
Conservation could play a role
Bad news for United States from Mexico
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