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Oil & Gas Association: Where do we go from here?

Posted on 05 January 2009

From Theadvertiser.com: Oil prices settled year-end at $44.60 a barrel, down nearly 50 percent from the beginning of 2008, and down 30 percent from the July 2008 record high of $147 a barrel.

At one point in December, prices plummeted to $33.87 a barrel, the lowest since May of 2004. Some analysts forecast 2009 oil prices to average $40 plus a barrel where others forecast prices in the high $60s to $70s a barrel……Full Article: Source


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