Quote:
Originally Posted by nash
$3.00 a gallon may be a fond memory by summer  |
Unless US Gulf Coasts hit by major hurricanes in 2007, oil and gasoline prices are not expected to rise significantly beyond current levels. In fact, the long range forecast on costs of a barrel of oil are steady to down over the next 8 yrs.
http://www.columbian.com/news/APStor...6news81740.cfm
Quote:
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The U.S. Energy Department on Tuesday released its annual long-term world energy forecast. The agency predicted that the price of oil, when adjusted for inflation, would decline between 2007 and 2015 as investments made in recent years of historically high prices bring new supplies to the market.
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