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Commodities Briefing - Categorized | Oil, Price Watch, Research more

What explains the oil price decline

Posted on 06 January 2009

From Indiatimes.com: In these bad economic times, there is a small cheer on the oil front. Just when ‘experts’ thought it was safe to make wild forecasts (remember, earlier last year, Goldman Sachs predicted that crude price would hit $200), and just when energy guzzlers began to respond to wallet pinching at petrol pumps by curtailing consumption…

and just as it appeared that alternative renewable energy may have a small chance of becoming an economically viable option, international price of oil fell by over 70%….. Full Article: Source


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VRS - who has written 36729 posts on Opalesque Commodities Briefing.


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