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Oil could reach $300, says expert
by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 28 February 2008
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Results 1 to 5 of 5
Posted on Thursday, 16 October 2008
$300 Barrel
Posted by Brett Webbe at 02:08 UAE time
You guys are so smart......did you mean $30 a barrel? We will drill our crude soon.....
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Posted on Sunday, 2 March 2008
Price Graph to 2020 and beyond
Posted by Matt B at 16:53 UAE time
OK, here I sit on my own, an Average Joe, trying to make sense of all this ('cause no-one I know knows anything - or wants to know, 'cause it's a real downer subject around the dinner table).
Week after week, I see the ONLY copy of "A Crude Awakenening" at the local Blockbuster, always available for hire and as an Average Joe, I simply cannot accept the world as we know it will end any time soon: Peak Oil couldn't possibly be real until a face I recognise on the tele says it is... Yet I know in my heart the way of things cannot last forever.
As I try and imagine how much my daughter will be paying to fill the tank on her second-hand Ford a few years from now, I'll admit I am a little bit worried about the future. Is there a price-for-crude versus time chart available, to say 2020? Even a "best guess" one will do.
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Posted on Saturday, 1 March 2008
This is in THE FINANCIAL TIMES WAKE UP CALL There is no 300
Posted by Firozali A. Mulla MBA PhD at 15:44 UAE time
CERA on $100 oil: where is the “break point”?
An excellent analysis of how we got to $100 oil on the website of Cambridge Energy Research Associates raises the question of how much higher prices can go, but does not answer it.
The piece appears to suggest that the "break point" for oil prices, as illustrated in figure 6 with some cute little blue figures, is about $120. At that point, factors such as the rise of energy efficiency, alternative fuels and other policy changes, as well as the economic impact, really begin to take their toll on demand.
As CERA points out, however, the average price for WTI over 2007 was a "mere" $72 a barrel; $100-plus sustained for a year or more would do much more damage to the world economy than anything we have seen so far. The break point may well turn out to be pretty close to where we are now.
Opec’s efforts to defend $100 notwithstanding, I think a slowing world economy still means we are likely to see oil lower at the end of 2008 than at the beginning.
January 7th, 2008 in Economics, Oil | Permalink
Firozali A Mulla MBA PhD
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Matthew Simmons article
Posted by Simon Targett at 12:21 UAE time
Re the bigoted comment by Firozali A Mulla on Mr Simmons $300 oil.
Economists have got us into peak oil with no warning.
I trust energy investment bankers and oil geologists, maybe one day economists will be held to account for their naive stupidity.
Simon Targett Western Australia
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OIL at 300
Posted by Firozali A.Mulla MBA PhD at 10:21 UAE time
Rubbish. I study economics. This will not happen.
Firozali A Mulla MBA PhD
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