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gottfried

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gottfried

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Re: dieselfuel post# 35492

Friday, 12/12/2008 11:31:52 AM

Friday, December 12, 2008 11:31:52 AM

Post# of 36150
oil at $20?
http://www.latimes.com/business/la-fi-oil12-2008dec12,0,7526030.story
Energy economist Philip K. Verleger Jr. marveled at how recently everyone was complaining about $100-a-barrel oil.

"The global economy is so ghastly that there have to be further declines. We could see oil prices between $10 and $20 a barrel. It's going to be ugly," said Verleger, a professor at the University of Calgary's Haskayne School of Business.
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