26.11.2008 - Oil prices may rise to $70 - $80 by 2010
From Zawya.com: The price of oil may return to between $70 and $80 as early as 2010, according to an oil industry leader. He was speaking at the DIFC Forum, the second major business conference that forms part of DIFC week, the Dubai International Financial CentreDubai International Financial Centre's prestigious annual series of business events. Saddad Al Husseini, Former Executive Vice President for Exploration & Production, ARAMCO said: "If we don't see any major discovery of oil sources, we will see long-term challenges in the supply of oil. By 2010 the price of oil will come back to the 2005 levels of $ 70 to $ 80 per barrel and in the long term will further rise to between $80 and $90.".... Full Article: Source
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