businessandmedia.org - 7/10/2009
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Respected energy economist Philip Verleger makes case that oil will fall to levels not seen in over a decade. By Jeff Poor Business & Media Institute 7/8/2009 10:16:37 PM Send this page to a friend! (click here) There could be a potential “tax break” the no one in the news has really ...
bloomberg.com - 7/16/2009
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bloomberg.com —
July 16 (Bloomberg) -- Crude oil will collapse
to $20 a barrel this year as the recession...
takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger . A crude surplus of 100 million barrels will ...
(more)
Verleger Sees $20 Oil This Year on ‘Devastating’ Glut ...
online.wsj.com - 7/8/2009
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online.wsj.com —
Policy makers on both sides of the Atlantic
launched an effort to crack down on what they...
called speculation in oil markets, underscoring concerns that a sharp rise in oil prices could worsen the global economic downturn. In Washington, the Commodity ...
(more)
Oil Speculators Under Fire
europe.theoildrum.com - 7/5/2009
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europe.theoildrum.com —
In a recent post Nate brought to our
attention the work of Richard Duncan and Walter Youngquist...
published in 1999 in a paper called Encircling the Peak of World Oil Production . In 2007 I performed a simple analysis of the reliability of their ...
(more)
Encircling the peak of world oil production - an evaluation
Comments
Blog Reactions
Philip Verleger says . . .
Newmark's Door —
... . . . oil could soon fall to $20/barrel. Also interesting is his explanation of why it's been trading recently around $60 to $70/barrel: ". . . there are two answers and they both go to kind of the effects of government intervention." ...
Energy Expert: Oil Will Fall to $20 a Barrel
CARPE DIEM —
... Respected energy economist Philip Verleger makes case that oil will fall to levels not seen in over a decade. ...
Normal People Operations
Lawrance G. Lux —
There are reputations on the line here, as I predicted Oil to reach about $54/ barrel, and stay there for the rest of the year. Now, Phil Verleger comes along and suggests that Oil will drop to $20 a barrel. I don’t think either of Us are Crazy (???), and Oil has a habit of defying all Expectations. One has to ask if the Oil Producers will pump at $20/barrel–I really don’t think so; it is even a place where Creditors will grant loan extensions for a premium. Oil did drop to $31/barrel in December, but then We find the fact of the Run back to $70/barrel; a suggestion ...
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ft.com 12/22/2008 — Published: December 21 2008 21:10 | Last updated: December 21 2008 21:10 The plunging oil price is like a dangerously addictive painkiller: short-term relief is being provided at a cost of serious long-term harm. AT A GLANCE: Oil price at which fuel ...
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