Oil prices making headlines..

‘Drowning in oil’ – Economist March 1999
“$10 might actually be too optimistic. We may be
heading for $5.”

‘Oil reaches $30 a barrel’ – BBC 15th Feb 2000
“This rise in price is purely temporary”
-OPEC Secretary General Dr Lukman

‘Oil hits new record above $80′- FT 14 Sept 2007
“too little, too late,” verdict on decision by OPEC to raise output
by 500,000 barrels a day….global oil production is estimated to
have shrunk by 650,000 b/d in the third quarter”

 ‘Oil prices steady near $133 a barrel’ 

The Associated Press , BANGKOK, Thailand.  Wednesday, May 28, 2008