Re: Oil prices are heading for $25 a barrel

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Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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Rex Feral

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Re: Oil prices are heading for $25 a barrel

in response to

Oil prices are heading for $25 a barrel

jimhockley

posted on Dec 06, 2008 03:05AM

"Oil prices could tumble below $25 a barrel next year, research showed, hammering oil producers and delighting motorists."

Short term motorist would like, longer term it might bite is the @$$, if it gets that low exploration and development will dry up, and when demand rebounds supply will be not be able to keep up and prices will skyrocket, be nice to see oil stablize aroind $65-75. Be nicer to see CLL at $65-75 :) but I am dreaming there.

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