Re: From the other board

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

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bbqdays

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Re: From the other board

in response to

From the other board

dk_co

posted on Oct 14, 2008 08:52AM

"He also cut his West Texas Intermediate (WTI) crude price forecast for the fourth quarter to an average of US$95 a barrel from US$120 a barrel, and to US$90 a barrel from US$130 a barrel for 2009."

That's funny, average WTI 30% ($90 instead of $130) cheaper in 2009 than originally projected. Sounds like predicting the price of oil is more art than science. $90 in 2009 is good news for both consumers and producers, I hope they're right.

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