Now let's see how this one is checking out.JIM BUCKEE: The situation is always very tight in the fourth quarter because Northern Hemisphere demand increases; it's the sort of highest quarter for demands. So I'd say we'll see stress again in the third and fourth quarter of ‘08.
MARK COLVIN: Do you think it'll get to $150, 200 by then?
JIM BUCKEE: I think that's the number that's required to ration demand and I'd say so yes.
Friday, November 7, 2008
Valley oil
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