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A prediction on oil from the guys who make money off it
Oil is trading around $124 a barrel today. But don't worry. A new survey by KPMG is out today, and it says that 55 percent of oil executives out there think that the price of oil will drop below $100 a barrel by the end of the year. Twenty-five percent said oil would fall below $110 a barrel by year's end. One little catch though: The survey was conducted last month. So who knows what these guys are thinking now that we are passed the $120 mark.
Posted by Lori Stassi on May 9, 2008 8:30 AM PT | Permalink
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