Houston oil expert says OPEC has no excess capacityAfter predicting $30 oil in April 1999, Michael Economides says supply interruptions could cause price to spike to $40 Kristen Nelson PNA News Editor
Oil supplies are tight, which will keep oil in the $30 a barrel range for the short term, and because OPEC has no excess capacity, small events could trigger oil price spikes to as much as $40 a barrel.
That was the near-term forecast by University of Houston Professor of Chemical Engineering Micha....
[additional news subjects in this story]
Possible $40 spikes Management geared to $10-$12 oil
You must be logged in to view this story. Please either log in or subscribe.
Click here to subscribe to Petroleum News for as low as $69 per year.
Subscribers log in here to read the entire newspaper (1998 to 06/24/2013)
Print this story | Email it to an associate.
Petroleum News - Phone: 1-907 522-9469 - Fax: 1-907 522-9583 [email protected] --- http://www.petroleumnews.com --- S U B S C R I B E
Copyright Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA)©2013 All rights reserved. The content of this article and web site may not be copied, replaced, distributed, published, displayed or transferred in any form or by any means except with the prior written permission of Petroleum Newspapers of Alaska, LLC (Petroleum News)(PNA). Copyright infringement is a violation of federal law subject to criminal and civil penalties.
|