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-   -   (PREDICTION) Chakib Khelil, the Algerian Energy Minister and president of the OPEC (https://gfy.com/showthread.php?t=837433)

xmas13 06-26-2008 08:23 AM

(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".

tranza 06-26-2008 09:20 AM

Very interesting!


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