“Morgan Stanley said crude oil prices are likely to decline in the second quarter ‘and remain at depressed levels through 2009.’”
-Bloomberg, March 19, 2009
Back in late February, Jim Rogers, the well-known hard assets investor, told CNBC’s Maria Bartiromo the following in an interview:
Oil prices are...
Posted to
Economics
on 04-10-2009
Filed under: Recession, Credit crunch, Economy, Credit, Energy, Commodities, oil services, Crash Prophets, crude oil, oil drilling, oil infrastructure, Oil, cheap oil, oil prices, oil industry, oil sector, hard assets, hard asset prices, oil projects, Natural Resources, crude oil prices, energy infrastructure, energy sector, oil rigs, OPEC, energy projects