11/15/2008

Crude oil prices: Love or beggar thy neighbor?

A drilling rig in the Gulf of Mexico - AFP/Getty Images

"So, crude oil prices are unlikely to hit $200 per barrel any time soon. But what will oil prices be over the next several years? From my perspective, prices will likely average around US$40 or around US$80 per barrel, depending upon the political and economic fall out from the global financial crisis." Vincent Lauerman, Financial Post

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