$40 oil may be just around the corner
Herrera calls Browne’s anticipated dip in crude prices ‘short-term aberration;’ points to enduring troubles in global industry
By Rose Ragsdale
For Petroleum News
Will crude oil prices really plummet to $40 a barrel in the foreseeable future as BP CEO Lord John Browne recently predicted?
“That’s quite a reasonable proposition,” says energy consultant Roger Herrera. “But if price pressures ease and oil drops to $40 a barrel, it will be a short-term aberration.....
[additional news subjects in this story]
Demand eases in China
Demand slackens in 2005
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