whats the bet???, page-28

Good luck Sisyphus, not much to risk and at such a low price it could be a significant return?

I just sportted the article below ion the ABC News website.......

Oil demand drops for first time in decade
Posted 1 hour 0 minutes ago

British energy company BP says global oil consumption fell 0.6 per cent in 2008 as the economic downturn slashed demand.

It is the first annual decline since 1993 and the largest drop since 1982.

The company said global oil output rose to 81.8 million barrels per day in 2008 from the previous year.

However, worldwide consumption retreated by 420,000 barrels per day.

BP chief executive Tony Hayward also forecast world oil prices to trade between $US60 to $US90 per barrel in the coming years.

"I think there's a rational argument, for where we are today, that an oil price somewhere between $US60-$US90 is the right sort of range," he said.

He says oil-producing nations need above $US60 to balance their books, while consumers appear comfortable with prices beneath $US90.

- AFP