Gulf Oil CEO says $20 oil possible
Pittsburgh Tribune-Review:
EnergyOutlook thinks maybe $75 is the "right price."
Gasoline prices may fall to $1 a gallon by early next year, Gulf Oil CEO Joe Petrowski said this week.Thanks to Carpe Diem who also has many other posts on the falling price of oil including this one.
Oil prices, which rose to a record $147.27 a barrel in July, were driven up by speculators, and "there is a chance the market will overshoot on the way back down," resulting in much lower prices at the pump, Petrowski said during a talk in Newton, Mass.
EnergyOutlook thinks maybe $75 is the "right price."
Labels: oil prices
0 Comments:
Post a Comment
<< Home