$300 Oil by 2020: Scary but Unlikely

By Dian L. Chu (A Seeking Alpha Exclusive)

As if the uprisings in Egypt, Libya, and the surrounding MENA (Middle East & North Africa) region are not enough to set off oil prices, Charles Maxwell, a veteran energy analyst (since 1957), is now predicting oil prices will climb to $300 a barrel in 2020, or around $225 in today’s dollars due to supply constraints….regardless of what happens in Egypt and MENA……….Full Article (Free) at Seeking Alpha

(Reprint or republish only with permission from Seeking Alpha)

EconForecast, March 08, 2011 | Facebook Page [Post Alert [about.me [Kindle

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.