Dont get too comfortable with this low Oil/Gas price.
A snippet from the attached link.
"As crude prices have fallen, oil companies have cut back on exploration, and shut down production at expensive operations like the oil sands in Western Canada.
"Once demand comes back, it will make supply even more tight," said Toews.
And the greater the current recession is, the greater price spike we may see in the future, since the lower oil prices are, the more oil companies cut back, he added."
http://money.cnn.com/2008/12/14/news/economy/gas/index.htm
- Forums
- ASX - By Stock
- greater curr recession,the greater price spike
greater curr recession,the greater price spike
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)