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Tom Keene Talks with Energy Consultant Philip Verleger
Keywords:
Energy consultant Verleger sees oil prices trending down to $60. He sees prices falling in Jan-March of 2011, as a result of the deteriorating housing market in the USA. He sees half a million barrels a day in demand being taken out as a result of slowdown in construction, adding to inventories.
Global oil prices after the OPEC production cuts in December 2009.
02/04/2006
The future for global oil prices is for them to remain at these lower levels at about $40 a barrel according to experts.
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