Oil Prices to Stabilize in 2007

January 2nd, 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


This entry was posted on Tuesday, January 2nd, 2007 at 2:28 am and is filed under Peak Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply