depletion Archive

  • frog

    Oil touches US$122 per barrel - by frog



    Not only did it break the $122 barrier, it threatened the $123 barrier as well. While my long term projections, updated to last night’s closing still show $100/bbl oil arriving permanently in July, that date has stopped swinging between July and August with price fluctuations. We are still well above the long term trend and [...] read more
    May 7, 2008 10:24 am - 36 Comments