I want to know the trend of oil price next 2 years?

Posted
23.11.2008

I want to know the trend of oil price next 2 years?

Answer

Answered
27.11.2008
Last updated
27.11.2008

It is impossible to say anything reliable about the trend of oil price in forthcoming 2 years. The oil price has been going down rapidly recently and there is no end in sight. But after the price drop, the price will certainly increase again.

Many specialists have been talking about the oil running out. Some say, that this is miscalculation. If the oil is running out, the crude oil price is obviously going very high.

You can find a lot of information and speculation about the oil price.
Here is links to some of the sites:

http://news.bbc.co.uk/2/hi/in_depth/business/2008/oil_/default.stm
http://www.wtrg.com/daily/crudeoilprice.html
http://www.nytimes.com/2008/04/20/weekinreview/20mouawad.html
http://en.wikipedia.org/wiki/Peak_oil

0 votes
Was this answer helpful?
Keywords
 
Do you want to leave a new question? Post your question here.

Add new comment

Basic HTML without CKEditor

  • Allowed HTML tags: <i> <b> <s>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.