Here is an interesting article by Eric T Miller on Thursday, July 27, 2006 concern the possibility of a big decline in energy prices. The article was on bankstocks.com, and he quotes the CEO of BP as saying;
"it is very likely that oil prices will average around $40 in the medium-term, and could fall to $25 to $30 in the long run. He says that new oil finds in the Caspian Sea, Russia, and West Africa, and improved extraction from existing fields could increase supply while high energy costs depress demand."
I made mention of this posibility in my August 09, 2006 post; Futures Traders Driving Up Oil Prices
Its time to be careful.
