http://seattletimes.nwsource.com/...
Crude-oil prices have fallen about $14, or roughly 17 percent, from their July 14 peak of $78.40. After falling seven straight days, they rose slightly Wednesday in trading on the New York Mercantile Exchange, to $63.97, partly in reaction to a government report showing fuel inventories a bit lower than expected. But the overall price drop is expected to continue, and prices could fall much more in the weeks and months ahead.
http://seattlepi.nwsource.com/...
Abdallah Jum'ah, president and chief executive of the state-owned Saudi Arabian Oil Co., known better as Aramco, said the world has the potential of 4.5 trillion barrels in reserves -- enough to power the globe at current levels of consumption for another 140 years.
OK, let's start taking bet's. I'm saying 50$ oil on November 15, 2006.