Would you like to react to this message? Create an account in a few clicks or log in to continue.

Oil Returns to $80 per Barrel by Summer...

2 posters

Go down

Oil Returns to $80 per Barrel by Summer... Empty Oil Returns to $80 per Barrel by Summer...

Post  News Hawk Mon Jan 26, 2015 6:25 am

Former Shell President Sees Oil at $80 by Summer

NEW YORK (The Street) -- When a massive truck slams on the brakes to avoid a crash, it takes awhile for it to get back up to highway speed again.

That, in essence, is the problem oil companies will face when they want to increase production if supplies start to fall short. The selloff in crude oil has put drilling on hold. Unless more drilling resumes soon, a surplus of 1 million barrels a day will be exhausted. John Hofmeister, a former president at Royal Dutch Shell , predicts that will happen by the summer and will send prices up to $80 a barrel.

Bad news for commuters, and those with new employment...


News Hawk
News Hawk

Posts : 8049
Reputation : 9
Join date : 2013-01-16
Location : Winnipesaukee & Florida


Back to top Go down

Oil Returns to $80 per Barrel by Summer... Empty Re: Oil Returns to $80 per Barrel by Summer...

Post  WHL Mon Jan 26, 2015 7:44 am

I also heard someone say last night that oil prices went down in SPITE of Obama, not because of him. I know this has been said before but thought it worth repeating.

Posts : 6057
Reputation : 11
Join date : 2013-01-14

Back to top Go down

Back to top

- Similar topics

Permissions in this forum:
You cannot reply to topics in this forum