2004 was the year we had full confirmation that some non-OPEC coutnires had already peakes and the declining rates of production in thsoe countries were known...
After that .. it seems to me that the price is rahter stable.. I bet that it can not be rejected as a null hypothesis.
A pleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
I personally think that we will see the price in euros stabilized if there is no war....or at the most have slow increase... while the dollar can reach easili the 1.6 mark.. so 130$ per barrel will be rather stable in euros.. that's an opinion... but of course I do not know...
aApleasure I therefore claim to show, not how men think in myths, but how myths operate in men's minds without their being aware of the fact. Levi-Strauss, Claude
