InvestorsHub Logo
Followers 41
Posts 3524
Boards Moderated 0
Alias Born 03/23/2006

Re: None

Monday, 05/08/2006 2:10:27 AM

Monday, May 08, 2006 2:10:27 AM

Post# of 142781
May 8/06 - International Energy Agency (IEA) director Claude Mandil said on Monday he expected oil prices to stay high for at least two to three years because of high global demand and tight supply.

"They (oil companies) have not invested enough for the last 20 years," Mandil said.........


http://www.boston.com/news/world/asia/articles/2006/05/08/oil_firm_above_70_on_concerns_over_global_...