Exploring Hydrocarbon Depletion
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pup55 wrote:Here is a 1997 forecast from our friend Mr. Lynch:
Kinda funny, really. Isn't he the guy that was criticizing Campbell's forecasting skills the other day?
I think the $60-$65 figure is the "year average" oil price, not to be confused with the "peak" price which might have been in the $80's temporarily. By the same logic, this year's "year average" price is somewhere in the 40's at this point, no doubt.
Soft_Landing wrote:I think the average WTI Crude price over the last 12 months is about $37, and the average since January is a bit above $39. Not quite $40 yet, but certainly on it's way. The price started the year round $34, and didn't even cross $40 till May...
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