MPW Economics Discussion Board

Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.

Sunday, 4 January 2009

Oil at $40 a barrel will cause 'price explosion' in future

4 comments:

Kamit Chingis said...: I think that it is important to help to OPEC because in future results of not investing money into oilfields will will cause future generations to pay very high price for oil.; 5 January 2009 at 19:55
Anonymous said...: In my opinion, the price of oil is going to reach record high in the long term because companies or countries that export oil will be willing to cover all the revenue lost in this period of recession. Elvis Vicente.; 5 January 2009 at 20:54
Nicky said...: I think that if the price of oil will continue to decline, OPEC and the exporters will cut the supply of oil which will cause in a long term a problem.When the economy will get better,the problem will be that there will not be enough of oil so there will be excess demand which will push the oil prices up.; 5 January 2009 at 21:27
Kamit Chingis said...: they have already cut it.; 5 January 2009 at 22:10

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