OPEC ... $80 by 2020

OPEC forecasting prices growing by no more than $5 /yr to $80 in 2020

http://media.bishopi.com/ec.aspx?l=16244218&e=1556450

A lot of projects wont make anywhere near the returns initially forecast when their FIDs were done if OPEC is right (are they as reliable as Goldman Sachs?).
Sept 17 (Reuters) - OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources. - See more at: http://www.rigzone.com/news/oil_gas...ign=industry_headlines_3#sthash.z9wM14z4.dpuf
Sept 17 (Reuters) - OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources. - See more at: http://www.rigzone.com/news/oil_gas...ign=industry_headlines_3#sthash.z9wM14z4.dpuf
Sept 17 (Reuters) - OPEC forecasts oil prices will grow by no more than $5 per barrel a year to reach $80 by 2020, with rival non-OPEC production growth slowing but not fast enough to fully clear the current oil glut, according to OPEC sources. - See more at: http://www.rigzone.com/news/oil_gas...ign=industry_headlines_3#sthash.z9wM14z4.dpuf