On June 10th 2008, the chief executive of the world's largest energy company, the Russian gas monopoly Gazprom, predicted that oil prices will reach the striking figure of $250 per barrel in 2009. Mr. Alexei Miller's prediction, given at the speech to the European Business Congress in Deauville, France, goes well beyond any previous prediction by the most notable economists and analysts as well as the big corporations, who predicted oil prices to hit $150 up to a maximum of $200 per barrel.
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