Oil bosses have been coming out with this sort of rubbish for years. The truth of the matter is they have no more clue then the rest of us. If they were such great gurus of the future oil price they would not have under-invested for all those years-on the assumption that prices would be low for the forseeable future. We had that other great oil price guru Steve Forbes(of magazine fame) out here last year predicting prices would go back to $35 barrel this year.
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