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Officials with the Organization of the Petroleum Exporting Countries don’t believe oil prices will rise above $100 per barrel for the next 10 years, according to inside sources. This report comes from The Wall Street Journal, which saw excerpts of OPEC’s strategy report and interviewed others that had seen the full report. “The report predicted […]

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If things go the way the CEO of Gulf Oil predicts, by the time of the holidays this year, the price for a barrel of oil could be half of the present $105 it is today, but don’t expect a stocking stuffer of half-priced gasoline. The reason for oil to drop into the $50 range […]

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