EIA figures oil in 2025 will bring $52
Allen Baker Petroleum News Contributing Writer
A barrel of oil will cost $52 in 2025, according to federal economists. But in 2002 dollars, that will be the inflation-adjusted equivalent of just $27, less than the spot price today.
“Growth in oil production in both OPEC and non-OPEC nations leads to relatively slow growth in prices through 2025....
[additional news subjects in this story]
U.S. production slips
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