Oil prices traded as high as USD 55 on Wednesday. In the evening, Lord Browne, the chief executive of BP, stated his most bullish outlook so far, saying he expected world oil prices to remain at “something over USD 40 a barrel” until more supplies come online in three to four years.
Lord Browne’s bullish comments on oil prices came during a debate in the House of Lords last night, and are double the USD 20/barrel price BP uses as a yardstick to go ahead with new projects. His agenda was rather obvious: "Public policy, in theUK, in Europe and elsewhere should be designed not to create the illusion of security behind protective barriers and the false grail of se
Donnerstag, 9.06.2005, 10:14 Uhr
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