Really, Really Cheap

Helman, Christopher
October 2006
Forbes Asia;10/2/2006, Vol. 2 Issue 16, p26
The article contends that the decrease in petroleum prices will be beneficial to consumers. Michael C. Lynch, president of Strategic Energy & Economic Research in Amherst, Massachusetts, expects oil to fall to $45 by mid 2007. He reiterates that new supply, coming online from all corners of the world, is more than ample to satisfy growth in demand and sufficient even to withstand an embargo against Iran, which produces 3.75 million barrels of oil a day.


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