28.01.2016 - Crude oil price to surpass $100 US by 2040, National Energy Board says
The National Energy Board says crude oil prices are projected to rise to more than $100 US a barrel by 2040. Peter Watson, the board's chairman and CEO, says in a prepared text of a speech that the regulator is taking a long-term view of the country's energy future in a report. Watson, who is set to speak before the Toronto Region Board of Trade, says the outlook is a challenging undertaking given the current, uncertain economic environment. Since mid-2014, the global price of crude has fallen about $80 US a barrel down to about $30 US a barrel...............................................Full Article: Source
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