Oil Below $100 A Barrel?

LCT Magazine
Posted on May 30, 2008
HOPE ON THE HORIZON: Oil below $100 a barrel seems cheap, almost quaint, now that operators are afflicted with $4 a gallon gas costs. In a letter by the Federal Reserve Bank of Dallas, analysts point to future new supplies as an antidote to sustained three-digit per barrel costs. This study underscores a reality of future energy markets; there are no either/or options, only ALL. Oil can never be eliminated as an energy source. To meet increased energy demands, the world will need more oil, more nuclear power, more green technologies, more conservation, and more fuel-efficient vehicles and behaviors. Detailed study here.

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