| I want to know the trend of oil price next 2 years? |
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26.11.2008 |
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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
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