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Vol. 5, No. 2 Week of February 28, 2000
Providing coverage of Alaska and northern Canada's oil and gas industry


Major drops in oil prices thing of the past, says Roger Herrera

Kay Cashman

Roger Herrera, who in January 1999 predicted oil prices would increase dramatically from their $10 low, told PNA Feb. 15 that he believes significant drops in the price of oil are a thing of the past. “The price inevitably has got to go down a little ... to perhaps as low as $23 a barrel. However, I....

    [additional news subjects in this story]

Factor No. 1: Change and demand

Factor No. 2: A clever and united OPEC?

The factor everyone ridicules

No more $10 oil


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