Slippery Slope

Fisher, Daniel
November 2007
Forbes Asia;11/12/2007, Vol. 3 Issue 19, p28
The article presents the remarks of George Littell of Groppe, Long & Littell on the possible drop of petroleum prices from $90 to $60 per barrel. He believes that a miscalculation by oil supplier Saudi Arabia will cause the prices to suddenly decrease within the next two months from November 2007. He claims that the country had wrongly anticipated a slack of oil demand in 2006, cutting its production from 9.5 million barrels a day to 8.5 million barrels.


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