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Old 06-26-2008, 08:23 AM   #1
xmas13
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:stop (PREDICTION) Chakib Khelil, the Algerian Energy Minister and president of the OPEC

http://www.telegraph.co.uk/money/mai...6/nfuel126.xml

Mr Khelil said on France 24 television: "I predict probably prices of $150 to $170 this summer. It (the market) will probably fall a bit towards the end of the year."

He said he did not expect prices to hit $200 a barrel, barring a major market crisis such as a halt in production in Iran. In that case, he added, prices could possibly surge to "$200, $300, $400".
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Old 06-26-2008, 09:20 AM   #2
tranza
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Very interesting!
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