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Oil Prices to Stabilize in 2007

Filed in archive Peak Oil on January 2, 2007

Oil Prices to Stabilize in 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

Permalink: Oil Prices to Stabilize in 2007

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

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