Oil Prices to Stabilize in 2007

Filed in archive Peak Oil on January 2, 2007

According to this article, crude oil prices may stablize in 2007 due to global production catching up with demand, at a price of about $60 per barrel. Could be the break most economies need, after all high crude prices ain't helping anyone. But caution is still advised, after all there is still the global climate question to consider.

Cartoon from Nearing Zero

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Tags: Oil Price Stabilize 60 Per Barrel Petroleum Climate Change Energy World Economy energy prices+stabil

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