Analysts polled by Reuters keep moving their oil price projections for 2006 higher and higher. The May forecast of $64 average price for 2006 got bumped up to $66 in the June prediction. These forecasters make me smile. I have to keep wondering if they ever gonna get it right. Notice the same analysts' forecast from this winter for $57 and $59 oil for 2006.
The forecast for 2007 is $61. Do they still stick with their winter forecast of $43 oil in 2010? Could Peak Oil be for real?
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Carnal Stock
peak oil
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