GlobalSecurity.org updated their oil page on April 17.
http://www.globalsecurity.org/military/intro/oil.htm
Check out the early EIA forecasts. Oil was supposed to be $20 a barrel now.
They've changed their tune. Now, they don't see oil falling below $50 a barrel in the foreseeable future.
$this->bbcode_second_pass_quote('', 'I')n contrast to most other oil-price-spike episodes, this time the far futures price of oil -- that is, the price for contracts seven years out -- has also risen sharply. This correlation seems to indicate that the present oil price increase is not viewed as a purely temporary shock. It is virtually inevitable that shocks will result in some combination of higher inflation and higher unemployment for a time.
PeakOil is You
GlobalSecurity.org
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GlobalSecurity.org
by Leanan » Tue 03 May 2005, 08:57:55
Remember last fall, when oil looked like it was heading for $60 a barrel? The futures contracts were still $25 or $30 a barrel.
No more. I looked at Nymex this morning, and oil is $50 a barrel through 2010.
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Re: GlobalSecurity.org
by Tanada » Sat 12 May 2007, 14:49:20
Now the forecast for 2010 is 15-20 dollars higher, how long before those prices look like a real bargain for long term contracts?
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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