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Price remained high because people perceived there was a shortage, writes ... - Financial Times
The Independent | Price remained high because people perceived there was a shortage, writes ... Financial Times n 2007 I made a bet with a fellow Russian businessman. The price of oil, he told me, would never drop below $80 again. This was the consensus among oilmen at the time. And that, I thought, was the surest sign that the oil price would soon start falling. The Media Is Wrong When It Comes to Oil Satyajit Das: For the Saudis, low oil prices are a means of exacting revenge US Oil Nears Six-Year Low on Growing Supply Glut |
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