06.01.2009 - What explains the oil price decline
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