Los Angeles Times, July 4, 2009: Ronald D White, energy expert, back in July, 2009, predicted that the glut of oil could push the price of oil down to below $20/barrel by the end of the year, 2009.
I would assume these sentiments have not changed for some of these experts based on ever-increasing supplies of oil and natural gas, especially now that the administration has opened up off-shore drilling.
On another note: the price of oil rose more than a dollar yesterday and is now over $85/barrel.
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