Oil Prices in 2009: Will They Rise or Fall?

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SUMMARY

In 2009, oil prices are projected to fluctuate between $70 and $90 per barrel based on supply and demand dynamics. Experts, including Boone Pickens, suggest that unforeseen events such as crises, storms, or accidents could drive prices up to $200 per barrel. The discussion highlights the unpredictability of oil price forecasting, emphasizing the influence of speculators and external factors on market stability.

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Wellesley
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Will oil prices rise in 2009? Or will the economy keep the prices down for a while?
 
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From everything that I've heard from pundits and "experts", based on simple supply and demand, we should be between $70 and $90 a barrel.

If the speculators come back, if we have a crisis, if we have a storm or an accident... Many people, including Boone Pickens, say that $200 oil is just a heartbeat away.
 
Gad, who knows. Every time I try to predict future oil prices, I end up looking like a fool!
 

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