Article

2009-04-14 Arabia

Oil prices of $40-50 bbl "realistic" - Qatari energy minister

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Posted by Seafarious 2009-04-14 00:00|| || Front Page|| [11 views ] Top

#1 The prices of USD 40-50 pb are realistic and suitable to the world economy ....

... at least until the hyperinflation kicks in then you can just add a zero every few months until the world economy collapses.

Posted by AzCat 2009-04-14 01:18|| 2009-04-14 01:18|| Front Page Top

#2 OPEC oil barons would rather prefer the $75 to $90 range, even better for them was when oil soared to $147 a barrel, but as you say inflation will rear its ugly head again, and instead of recession it will really be a a full scale depression, then their oil export sales shall sink to record lows.

Posted by Mark Espinola 2009-04-14 06:37|| 2009-04-14 06:37|| Front Page Top

#3 What is that in Obamabucks?

Posted by ed 2009-04-14 09:12|| 2009-04-14 09:12|| Front Page Top

#4 Pre-emptive pricing for the summer driving season. Nothing more and nothing less. By October, it will be back to $40-50 range.

Posted by Jack is Back!">Jack is Back! 2009-04-14 10:34|| 2009-04-14 10:34|| Front Page Top

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