Thursday, January 3, 2008
And the rest. I reckon it will double in two-three yrs.
FRANKFURT (Thomson Financial) - German research institute DIW sees oil prices doubling to 200 usd per barrel within the coming 10 years, DIW's head of department for energy, transport and environment Claudia Kemfert told Berliner Zeitung. 'Oil reserves are becoming scarce, and that will drive up prices further,' Kemfert told the newspaper. Within five years, oil prices will likely reach 150 usd per barrel, she said.