Remember two things: all price bubbles burst, and there are still vast untapped oil fields which will supply the world’s needs for centuries to come.
Crude prices on the international market are unlikely to drop below $100 a barrel in the near term despite shedding almost $33 per barrel in a month, oil market experts told Gulf News on Monday.
Oil at $150? Very likely and could be soon. How about $170, or even $200? That is possible before the end of this year.
Oil, Coal, Natural Gas, Nuclear, Wind, Solar Energy? The world’s energy appetite will at least double by the end of this century (some claim it will triple). If we attempt to meet this burgeoning...