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Vol. 11, No. 26 Week of June 25, 2006
Providing coverage of Alaska and northern Canada's oil and gas industry


$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

Diminishing discoveries


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