Oilintel Still Maintains that Crude Oil Prices Will Reach the Mid $50s…Here’s Why
NEW YORK, N.Y. – Sept. 25 (SEND2PRESS NEWSWIRE) — An article published Sept. 21 on Oilintel.com by Tom Waterman states, ‘Since we predicted a severe drop in prices in August, we have received emails and phone calls asking how low prices will go and how long the downtrend will last (see The Ethanol Monitor Volume 2, No. 31, August 21, 2006 – Why $50 per Barrel oil is not Out of the Question). I was asked to do an interview on ROBTv, as they figured I was out of my mind.’