 | What will the total range of front month crude oil prices be in 2008, as a % of Dec 31, 2007 closing price? | The Oil Drum | DrumBeat: December 27, 2007 |  |
85 comments on A POLL on Oil Price Volatility for 2008
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Plateau for 5 to 8 years; am I sure. Heavens no. I was just pointing out some of the articles in TOD postulating a plateau extending out to 2012 - 2015. There will certainly be efforts to increase production by the oil companies by various technical means which will be profitable at the present prices and future higher prices.
There has been some dicussion under several articles, none of which I could cite from memory, concerning the possible delay in enchanced recover to take advantage of future higher prices. I think that most companies and management will prefer present value over future value.
Rich: Guys in the know? Check out what WT and Khebab predict for 2015 oil exports.
Hey, there is many different opinions out there. We will just have to see how this unfolds over the next several years, all the time having events nudge the reality one way or the other. Am I wrong? With a 95 percent certainity I can say that I am.