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| Economy |
| Oil not expected to recover to $100 levels in next 5 years |
| 2014-12-28 |
| [ARABNEWS] Oil prices remain low at around $60/barrel, compared with a peak of $115 in June. Oil prices are not expected to recover to $100 levels in the next five years. Therefore, Russia, Nigeria and Venezuela all remain at risk of crisis. This could lead to contagion, weaker currencies and slower growth in a number of developing economies, says a report from QNB Group. However, |
| Posted by:Fred |
| #6 It took six months to go from 115 to wherever it is now. But everyone's sure it's going to stay where it is now for the forseeable future? Bull puckey, I say. |
| Posted by: Thing From Snowy Mountain 2014-12-28 20:03 |
| #5 ..which means new rounds of politicians pushing dubious science generated by the usual suspects to get the supply reduced and the price up. The rich protecting their rackets hasn't changed much in history, nor the methodologies. |
| Posted by: Procopius2k 2014-12-28 15:24 |
| #4 Rubbish! You heard it here. Agreed. Too many chips placed on the table. The bankers et al will expect "positive results" before Spring. |
| Posted by: Pappy 2014-12-28 14:28 |
| #3 Oil not expected to recover to $100 levels in next 5 years I'm perfectly fine with this. Mike |
| Posted by: Mike Kozlowski 2014-12-28 13:24 |
| #2 Oil prices are not expected to recover to $100 levels in the next five years. Rubbish! You heard it here. |
| Posted by: Besoeker 2014-12-28 12:22 |
| #1 Going long nao. |
| Posted by: Shipman 2014-12-28 12:10 |