Insight - David Lloyd Owen
- From: Vol 9, Issue 6 (June 2008)
- Category: Analysis
- Region: Unspecified
- Country:
- Related Companies: Nalco
Over the past few years, the price of oil has risen from what you might call the USD40 per barrel paradigm to its current USD120-140 per barrel trading range, with a medium term price target of USD200-250 per barrel no longer embracing the realms of the absurd.
For oil-producing countries, and the companies that extract black gold, this is not a problem. Getting more money out of less oil is a wonderful thing, as it means that your country’s reserves last longer, while your coffers remain full and companies enjoy improved margins on extraction and refining. In any case, the rise of people’s aspirations and ...
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